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Concord EFS trading down almost 20%

Following its earnings announcement and conference call yesterday, Concord EFS is trading down almost 20% this morning. Analysts were pleased with revenue growth at the company but questioned the cost structure of the business and the pressure it's putting on margins. Concord EFS' largest competitor First Data Corp. is also trading down over 10% this morning.

Date: July 31, 2002 at 07:52 AM Pacific   |      |     |  StumbleUpon Toolbar Stumble It!

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