Computer Automation Inc. reported that the fiscal 1987 first quarter gave it its third consecutive quarterly profit after a four-year losing streak.
The Irvine-based technology firm said operating earnings during the quarter ended Sept. 30 totaled $303,000--its second consecutive quarter with an operating profit.
After setting aside $52,000 as a provision for taxes and adding $37,000 in tax-loss credits, the company posted net earnings for the period of $288,000, contrasted with a net loss of $3.5 million a year earlier. Revenues during the quarter rose 8.2% to $5.3 million from $4.9 million.
Although the company did not announce its earnings until late Thursday, Computer Automation shares gained $1 in over-the-counter trading to close at $3.50 a share, apparently in anticipation of the news.