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Earnings: Ambassadors Group

Educational travel company

Stock symbol: EPAX
Reporting period: 3Q
Earnings: $5.5 million,

31 cents per share

Versus 3Q 2011: $6 million,

34 cents per share

Revenue: $52.7 million
Analysis: Gross margin for the quarter was $19 million, down from $23.3 million in the third quarter of 2011 primarily because of a revenue decline. The company booked 8,300 travelers in the quarter, a 16 percent drop.

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