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MDA Space shares fall after company reports first-quarter profit down from year ago

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The company says its profit amounted to 11 cents per diluted share for the quarter ended March 31, down from a profit of 13 cents per diluted share in the same quarter last year

says it earned $13.8-million in net income in its first quarter, down from $16.1-million a year earlier, as its revenue edged higher.

Revenue for the quarter totalled $209.1-million, up from $201.9-million in the first quarter of 2023.

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