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PennyOmega.com Stocks Upgraded, Downgraded and Short Highlights Before the Bell Tuesday July 28, 2009
Penny Omega (July 28th, 2009) Writes:
PennyOmega.com Short Highlights Before the Bell!
PennyOmega.com Short Highlights Before The Bell!
PennyOmega.com Stocks Upgraded, Downgraded and Short Highlights Before the Bell Tuesday July 28, 2009
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L.B. Foster Company (Nasdaq: FSTR), a leading manufacturer, fabricator, and distributor of products and services for rail, construction, energy and utility markets, today reported that second quarter 2009 net sales decreased 27.8% to $93.8 million compared to $129.8 million in the prior year quarter. Gross profit margin was 13.7%, down 320 basis points from the prior year quarter primarily as a result of a $1.1 million ($0.07 per diluted share) warranty charge taken to recognize the revised number of concrete ties that failed in track as well
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