Newport Corp.: The Irvine manufacturer of equipment...
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Newport Corp.: The Irvine manufacturer of equipment for developing laser and optics technology reported a 22% gain in net income for 1995 on an 8% increase in sales.
Net income rose last year to $3.9 million, or 45 cents a share, from $3.2 million, or 38 cents a share, for 1994. Sales totaled $102 million, up from $94.2 million.
Net income for the fourth quarter increased 36%, to $1.5 million, or 17 cents a share, from $1.1 million, or 13 cents a share, a year ago. Sales were up 10%, to $27.9 million from $25.3 million. The company said that 1994 results were restated to reflect two acquisitions in February and March 1995.
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