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million, or 37 cents per fully dilutede share, in its fiscal 2010 firstf quarter, which ended April 30. The Blue Bell, Pa., maker of power storage and conversion systemslost $124,000, which amounted to breakingh even on a per-share in the same quarted a year earlier. C&D (NYSE:CHP) said its revenued was $73.7 million, down from $93.8 million. C&D pointex out that its performance improvexd on asequential basis, as it lost $14.4 or 55 cents per full y diluted share, in the fourth quarter of its 2009 fisca l year. Its revenue, declined sequentially. It was $85.t5 million in the fourth quarter.
First-quarter resulta included $798,000 of noncash interest expenseand $1 million in noncasjh tax charges. C&D said the resultes were consistent with its and its sales increased in each month ofthe , when the New York Stock Exchange lowerec the market capitalization a company must maintain in order to keep its stock listed to $50 million from $75 C&D appeared to be in danger of fallin g under the new threshold, as the exchanged uses a company’s average marketg capitalization over the past 30 days to determins compliance and C&D’s capitalizatiojn at recent prices was below $50 million. The company’s stockj rallied Thursday, however, to $1.
90 from and closed up 8 percentat $2.054 Friday. C&D has 26.3 million shares outstanding, according to Yahoo! Finance.
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