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Orbit International has higher sales, lower profit
Defense-electronics contractor Orbit International Corp. said Thursday sales rose in the third quarter but net income was lower, compared to the same period last year, the result of a delay in Pentagon orders.
The Hauppauge-based company said that it earned $215,000 in the latest quarter, compared with profit of $553,000 in the year-ago period. On a per-share basis, Orbit said it earned 5...
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