September 17, 1999
Meade Instruments Corp., an Irvine telescope maker, said second-quarter profits hit a record $2.2 million, or 30 cents a share, from $690,000, or 10 cents a share, for the year-earlier period. Sales for the quarter ended Aug. 31 went up 56% to $24.1 million. Meade shares jumped $1.88, to $25.06, in Nasdaq trading.
June 19, 1998
Irvine-based Meade Instruments Corp., a designer and maker of telescopes and related accessories, reported first quarter net income of $554,000, or 8 cents a share, up from $2,000 a year ago. The figure a year ago included an adjustment of $374,000, or 7 cents a share. Sales for the quarter ended May 31 increased 17% to $14.8 million from $12.7 million.
July 1, 1997
Meade Instruments Corp., designer and manufacturer of telescopes and accessories, posted net income of $2,000 for the first fiscal quarter ended May 31, which included a nonrecurring adjustment of $374,000, or 7 cents per share. A net loss of $123,000, or 3 cents a share, was recorded for the like period last year. Sales increased 76% to $12.7 million from $7.2 million.
September 21, 2001
* Meade Instruments Corp., an Irvine designer and manufacturer of telescopes, accessories and binoculars, reported that net income fell to $760,000, or 5 cents a share, for the second quarter from $2.6 million, or 17 cents a share, a year ago. Sales declined 24% to $27.2 million as the soft economy depressed sales of most major products, the company said.
December 17, 1999
Meade Instruments Corp., the Irvine designer and manufacturer of telescopes and accessories, posted third-quarter net income of $7.7 million, or $1.01 a share, 97% higher than the $3.9 million, or 56 cents a share, for the like period last year. Sales for the quarter ended Nov. 30 more than doubled to $63.7 million from $31.2 million.
August 18, 2000
Meade Instruments Corp.'s stock moved up Thursday after analyst Brion D. Tanous at First Security Van Kasper raised his rating of the shares to "buy" from "accumulate." Shares of the Irvine maker of telescopes and accessories rose 11.3%, or $1.75, to $17.25 in Nasdaq trading. The stock has climbed more than 69% over the last year, but is less than half of its high of $39.50, which it hit March 30.