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Aceto Corp. Q1 Earnings Climb 66%

Aceto Corp. (ACET) released a profit for its first quarter that advanced from last year.

The company said its bottom line totaled $11.00 million, or $0.37 per share. This was up from $6.61 million, or $0.23 per share, in last year's first quarter.

The company said revenue for the quarter rose 2.1% to $133.50 million. This was up from $130.80 million last year.

Aceto Corp. earnings at a glance:

-Earnings (Q1): $11.00 Mln. vs. $6.61 Mln. last year.
-Earnings Growth (Y-o-Y): 66.4%
-EPS (Q1): $0.37 vs. $0.23 last year.
-EPS Growth (Y-o-Y): 60.9%
-Revenue (Q1): $133.50 Mln vs. $130.80 Mln last year.
-Revenue Change (Y-o-Y): 2.1%

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A busy week for economics saw the release of first quarter growth figures for the U.S. economy and the interest rate decision in Japan. Read our stories to find out why the GDP data damped market sentiment in the U.S. and what were the signals given out by the Bank of Japan. Other news this week included new home sales data and jobless claims figures from the U.S., and the latest purchasing managers' survey results for the Eurozone.

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