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NEW YORK (AP) - The stock of Angelica Corp. surged Wednesday after fuel and labor costs at the hospital laundry-services provider proved less damaging to third-quarter results than some had feared.
Angelica's shares jumped $1.77, or 13 percent, to close at $15.75 on the New York Stock Exchange.
Tuesday, after the financial markets closed, the Chesterfield, Mo., company posted a third-quarter loss of $381,000, or 4 cents a share, reflecting high energy prices and costs to consolidate two Dallas facilities into one. The company had a third-quarter profit of $1.61 million, or 18 cents a share, a year earlier.
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