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Force Protection Rolls Back Profits
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OKLAHOMA CITY -- Force Protection (FRPT Quote) has been stuck in neutral for a while.
As it turns out, the military-vehicle maker's profits never budged at all last year. The company's latest quarterly reports -- which showed profits escalating over the course of the year -- have been deemed unreliable because of accounting errors.
Force Protection's stock tumbled 16% to $3.45 on the news. ...
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