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Pall Corp. stock rises even as profit declines thanks to aerospace sales

The maker of water-filtration and purification systems rose the most in nine months after reporting quarterly profit that beat analysts’ estimates, even though it declined. Net income dropped 11 percent to $86.2 million, or 73 cents a share. Earnings excluding discontinued operations and including a tax-related adjustment were 86 cents a share, beating the 77-cent average of 10 estimates compiled by Bloomberg. The results were aided by strong sales at the biopharmaceutical and aerospace units.