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Natuzzi Q1 Loss Naroows

Natuzzi S.p.A. (NTZ: Quote) reported a net loss for the first quarter of $7.9 million or $0.14 per share, compared to a net loss of $11.1 million or $0.20 per share for the year-ago quarter.

Total net sales for the first quarter grew 0.3% to $146.2 million from $145.7 million a year ago.

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by RTT Staff Writer

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After seeing initial strength on the heels of upbeat economic data, stocks have fluctuated over the course of early trading on Wednesday. The major averages have pulled back off their highs for the young session, with the Dow sliding into negative territory. After reporting a notable contraction in U.S. economic activity in the first quarter, the Commerce Department released a report on Wednesday showing that gross domestic product rebounded by more than anticipated in the second quarter. Employment in the U.S. private sector continued to see notable growth in the month of July, according to a report released by payroll processor ADP on Wednesday, although the pace of job growth came in below economist estimates.
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