USI Holdings Corp. reported a 62 percent drop in net income for the third quarter, primarily over deductions for discontinued operations related to the sale of seven operations.

Net income fell $3.02 million (7 cents a share), going from $4.9 million (10 cents a share) to $1.89 million (3 cents a share). Income before the deduction for discontinued operations rose 6 percent, from $5.2 million to $5.5 million. Revenues in the period rose $24.3 million, up 24 percent to $127.3 million.

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