Net Income Down at Interpore Cross
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Irvine medical device firm Interpore Cross International reported second-quarter net income of $974,000, or 7 cents a share, which included a one-time charge of $268,000 from the withdrawal of its proposed secondary public stock offering. That compared with net income of $1.1 million, or 8 cents a share, for last year’s second quarter. Sales grew 18% to $11.3 million.
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