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Gish Biomedical Inc. reported that net income...

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Gish Biomedical Inc. reported that net income dropped 18% in its first quarter ended Sept. 30, to $192,000 from $234,000 a year earlier. The year-ago figure included an $80,000 tax credit. Sales for the quarter rose 19% to $3.2 million from $2.7 million. The medical equipment company is based in Santa Ana.

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