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Taylor Devices saw Q3 earnings drop, but received a "strong-buy" upgrade despite the downturn.
Taylor Devices reported a decline in Q3 earnings, with EPS down to $0.34 from $0.56 last year, and revenue falling 17.3% to $8.55 million.
Despite this, the company's order backlog has increased to $34.5 million.
The stock, currently at $40.59, saw a "buy" rating upgraded to "strong-buy" recently.
Taylor Devices specializes in Shock & Vibration Control and expects growth in key sectors later this year.
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Taylor Devices vio bajar las ganancias de Q3, pero recibió una actualización de "fuerte compra" a pesar de la recesión.