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M/A-COM Technology Solutions (MTSI) Sank To A New Low After Q1 Profit Drops

M/A-COM Technology Solutions (MTSI) reported first quarter adjusted EPS of $0.10 after the bell Tuesday, down from $0.57 a year ago.

M/A-COM Technology Solutions gapped open sharply lower Wednesday and declined for the bulk of the session. Shares finished with a loss of 11.15 at $19.21 on the highest volume of the year. The stock plunged to a new low for the year.

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