FINANCE
Newport Electronics lost $82,000 for its fiscal fourth quarter ended Dec. 31, contrasted with a profit of $92,000 in the year-earlier quarter. The Santa Ana-based electronics manufacturer said its sales for the latest period declined 22% to $3 million.
For the record:
12:00 a.m. March 24, 1988 FOR THE RECORD
Los Angeles Times Thursday March 24, 1988 Orange County Edition Business Part 4 Page 7 Column 1 Financial Desk 2 inches; 51 words Type of Material: Correction
Because of a reporting error, an item in Tuesday’s Business section contained incorrect earnings and sales figures for Newport Electronics. The Santa Ana firm reported net income of $92,000 for the fourth quarter of 1987, contrasted with a loss of $82,000 a year earlier. Fourth-quarter sales were $3.9 million, up from $3 million in the fourth quarter of 1986.
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