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Momma said there'd be quarters like these. A-Power Energy(APWR Quote) reported before the opening bell that sales and profit slipped in the first quarter.
Revenue slipped 3.5% to $31.2 million from $32.3 million in the year-over period. Profit dropped to $1.6 million from $2.9 million, giving the company per-share earnings of 4 cents. EPS was at 14 cents in the year over period.
The results for the company, which creates power distribution systems throughout China, fell well short of expectations. ...
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