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Byline: Christina Wise
TRC Cos. more than doubled in price between October and March, and then fell into its current seven-week base. Its initial sell-off wasbrutal, as it shed more than a third of its value in just eight trading days. It's since recovered, working its way back within 3% of its old high.
The Windsor, Conn.-based company provides engineering and construction services to industry and government. Last month it signed a $26.7 million contract with the Connecticut Resource Recovery Authority for cleanup and environmental responsibilities for a Connecticut power station.
The firm is slated to report first-quarter profit on Wednesday. Analysts expect it to earn 28 cents a share vs. 17 cents in the same period the year before. In all, profit growth has been 67% or more in the last 10 quarters.
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