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BRIEF-Schmitt Industries announces Q1 operating results

Oct 5 (Reuters) - Schmitt Industries Inc :

* Announces first quarter fiscal 2013 operating results

* Q1 earnings per share $0.04

* Q1 sales rose 6 percent to $3.7 million

* Gross margin for Q1 increased to 50.9% as compared to 49.2% in the first

quarter of the prior year

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