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Ultralife reports decline in Q1 income (access required)

Ultralife Corp. on Thursday reported a first-quarter drop in income, falling short of Street expectations. For the quarter ended March 31, the Newark power and communication systems company reported revenues of $25.97 million, compared with $25.8 million in the first quarter last year. Net income was $700,000, or 4 cents per diluted share, compared with net ...
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