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VALLEY EARNINGS

1% Dip in Tekelec Net Blamed on Sales Expenses

October 28, 1986

Tekelec, citing the cost of the recent expansion of its sales operations, said net income in the third quarter fell about 1% from a year earlier to $433,000, or 12 cents a share. Sales, however, were up 39%, to $3.7 million.

The Calabasas company, which makes equipment that tests telecommunications gear, said earnings for the nine months ended Sept. 30 increased 29%, to $1.1 million, or 33 cents a share. Revenue was up 58%, to $10.2 million.

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