Pacific Scientific Co.: The Newport Beach manufacturer...

Pacific Scientific Co.: The Newport Beach manufacturer of industrial and aerospace products reported third-quarter earnings rose to $5.8 million, or $1.07 per share, from $1.2 million, or 20 cents per share, for the 1990 period. The 1991 quarter included revenue of $5.3 million from the sale of a division. Sales declined 7% to $43 million from $46.2 million. For the nine-month period, net income was up 79% to $7 million, or $1.26 per share, from $3.9 million, or 65 cents per share a year ago. Revenue dropped 5% to $131.6 million from $137.9 million.