Thursday, Jun 30, 2016
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Tecumseh profit $12.3M, down 35%

TECUMSEH - Tecumseh Products Co. yesterday reported a profit of $12.3 million, or 67 cents a share, for the third quarter, down 35 percent from $19 million, or $1.03 a share, for the period a year ago.

The decline was attributed in part to restructuring charges. Sales for the quarter for the compressor and small engine maker were $479 million, up from $439 million.

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