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(RTTNews) - Industrial manufacturer Tredegar Corp. (TG) reported Wednesday net income for the second quarter of $14.57 million or $0.42 per share, compared to a net loss of $72.70 million or $2.12 per share in the prior-year quarter. Earnings from ongoing operations were $0.32 per share, compared to $0.06 per share last year.
Total sales for the quarter decreased 10 percent to $184.07 million from $154.05 million in the same quarter last year, primarily due to a decrease in sales in surface protection films.
In Wednesday's pre-market trading, TG is trading on the NYSE at $8.99, up $0.56 or 6.64 percent.
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