Newport Corp.: The Fountain Valley manufacturer of...

Newport Corp.: The Fountain Valley manufacturer of precision instruments, components and accessories posted net income of $963,000 for the third fiscal quarter, a 16% drop from the $1.2 million reported for the like period last year. Sales for the quarter ended April 30 increased 2%, to $14.8 million from $14.5 million. For the first three quarters of the year, net income totaled $2.6 million, down 24% from the $3.4 million recorded for the corresponding period last year. Sales were up 4%, to $44.3 million from $42.7 million.

Tables, D10