Ducommun Inc. said it lost $2.5 million in its fiscal 1988 third quarter and blamed the loss primarily on poor results in its aerospace business.
The Cypress-based electronics and aerospace firm reported that sales for the quarter ended Oct. 2 rose 4.1% to $115.7 million, from $111.1 million in the year-earlier period.
Ducommun said earlier that it had agreed to sell its electronics-distribution business, including the Kierulff Electronics, Ducommun Data Systems and MTI Systems units but intended to keep the aerospace business because it traditionally has been more profitable.
Wallace W. Booth, Ducommun's chairman, president and chief executive, Tuesday described the third-quarter loss as "particularly disappointing after two consecutive quarterly profits." He said the firm "remains confident" that the aerospace business will return to profitability in the fourth quarter.