Cushman Electronics Inc., Newport Beach, reported that...

Cushman Electronics Inc., Newport Beach, reported that net income declined 39% for its first quarter ended Dec. 31, to $56,000. For the comparable period a year ago, the company reported a net profit of $92,000, which included a gain of about $60,000 from the sale of fixed assets. Sales for the quarter dropped to $1 million from $1.2 million. The company traced the 19% decrease primarily to discontinued products. Cushman makes radio test and maintenance equipment and telephone test instruments.