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• GAAP net income for the second quarter was $23.0 million, or 6.6 percent of revenue, representing a 28 percent decrease compared to $31.7 million, or 10.6 percent of revenue in the same quarter a year ago. Despite improved operating income year over year, GAAP net income declined due to several year-over-year differences in below-the-line items, including interest expense, other income, the company’s tax provision, and the effect of our new indirect minority equity interest in China.
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- People:
- Ernst Teunissen
- Robert Keane
- Places:
- Europe
- North America
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