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Update: Modine Manufacturing Q3 Earnings

Modine Manufacturing (NYSE:MOD) reported its third quarter results which were somewhat negative at least in the short term. Sales in Q3 were up 5% to $364 million, with all segments except South America being able to grow. It lowered yet again the full-year estimate from 3-6% growth to 1-3% growth, of which 150 basis points is due to exchange rate impacts. SG&A expenses seem to be going in the right direction as it is guiding $180-185 million for the year, compared to earlier guidance of $185-195…