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Spectra-Physics' Third-Quarter ResultsMatch Revised Expectations

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MOUNTAIN VIEW, Calif., Oct. 25 -- Spectra-Physics announced that results for the third quarter ended September 30, 1999, were consistent with the company's previously announced revised expectations. Spectra-Physics reported net sales of $34.1 million, compared with $39.7 million for last year's third quarter. The company's book-to-bill ratio for the third quarter of fiscal 1999 was 1.11, compared with 1.19 for the prior quarter and 0.94 for the third quarter of 1998. As announced earlier, Spectra-Physics took special pre-tax charges of $5.7 million in the third quarter; these...Read full article

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    Published: October 1999
    CommunicationsNews & Features

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