Shares of Universal Technical Institute (NYSE:UTI) fell after the company announced a smaller-than-expected profit and forecast 2011 earnings below analyst estimates. Profit shrank 5 percent to $7.2 million, or 29 cents per share, from $7.6 million, or 32 cents per share, a year earlier. Revenue increased 20 percent to $119.2 million from $99.5 million.
Shares are lower by nearly 10.4 percent.
Shares of Chinese energy company A-Power Energy Generation Systems (APWR) dropped after the company reported a larger third-quarter loss short of analyst expectations. The company lost $1 million, or 2 cents per share, compared with a loss of $623,000, or 2 cents per share, in the same period last year, before the issuance of new shares. Revenue dropped 40.7 percent to $57.3 million from $96.6 million in the same period last year.
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