Newport Corp.: The Irvine manufacturer of laboratory...
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Newport Corp.: The Irvine manufacturer of laboratory equipment reported a third-quarter profit of $417,000, or 6 cents a share, which included a $431,000 gain on the sale of investments. Sales for the quarter totaled $19.1 million. For the first nine months of the year, the company posted a profit of $936,000, or 13 cents a share, on sales of $64.3 million. In January, Newport Corp. changed to a calendar fiscal year from its previous July 31 fiscal year end, so directly comparable quarterly results were not available.
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