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MTRX Market Currents
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May 8 Shares of Matrix Service Corp. (MTRX -13.46%) slip after its FQ3 earnings fell short on a per share basis late yesterday. Net profit fell 1.2%, despite a 34% jump in Y/Y revenue. the company attributes the shortfall to to increased spending and ongoing problems with its East Coast operations, including instability in local refinery operations, warmer than usual weather and the impact of low natural-gas prices. The company also cuts FY12 guidance.
Comment![Earnings, On the Move]
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GlobeNewswire (May 7, 2012)
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GlobeNewswire (Apr 30, 2012)
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PR Newswire (Jan 12, 2012)
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Tue, May 8
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Company Description
Matrix Service Company was incorporated in the State of Delaware in 1989. We provide construction and repair and maintenance services primarily to the energy and energy related industries. As a full service industrial contractor, we strive to provide our clients a high degree of safety, quality... More
