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Spectra-Physics Details Second-Quarter Results

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MOUNTAIN VIEW, Calif., July 30 -- Spectra-Physics announced its results for the second quarter ended June 30, 1999. The company reported net sales of $34.9 million, compared with $40.2 million for the second quarter of 1998. Net income was $255,000, or $0.02 diluted earnings per share, as compared with net income of $1.9 million, or $0.12 diluted earnings per share during the same period a year ago. The book-to-bill ratio for the second quarter of 1999 was 1.19, reflecting the company's highest second-quarter order rate ever. While our year-over-year comparisons were less than favorable, we...Read full article

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    Published: July 1999
    News & Features

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