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GT Solar International Inc. shares increased on Wednesday. GT Solar unsurprisingly beat analyst expectations for its most recent quarterly profit. The maker of equipment and technology for the solar power industry saw its shares elevate 33 cents, or 5.5 percent, to $6.32 in afternoon trading.
GT Solar said its fiscal third-quarter 2010 earnings fell 15 percent to $36.8 million, or 25 cents per share, from $43.1 million, or 30 cents per share, during the same period a year earlier. GT Solar credited results to a pickup in orders during the past four months from key customers as well as their new clientele.
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