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Matrix Service posts 1st-period profit on 28% higher revenue

*MTRX closed up October 6th by +4.82%...

Market Pulse: Matrix Service posts 1st-period profit on 28% higher revenue
Thursday October 6, 6:36 am ET
By Robert Daniel

NEW YORK (MarketWatch) -- Matrix Service Co., the Tulsa, Okla., provider of services to the petroleum, petrochemical and industrial-gas industries, swung to a first-quarter profit on 28% higher revenue. For the quarter ended Aug. 31, Matrix earned $400,000, or two cents a share, against a net loss of $900,000, or 5 cents, in the year-earlier period. Revenue reached $109 million from $84.9 million. Gross-profit margins widened to 9.3% from 7.9%. Matrix said it expects to refinance its senior credit line during the current quarter. Matrix shares fell 26 cents, or 3.2%, Wednesday to $7.88.


LINK: http://biz.yahoo.com/cbsmb/051006/41dd8367acbb48aeb73ff9368d944406.html?.v=1