Pacific Scientific Posts $2.8 Million in Earnings

Pacific Scientific Co., an Anaheim electronics manufacturer, posted earnings of $2.8 million for the 1986 fiscal year, down 50.8% from $5.7 million a year ago. Revenues for the year ended Dec. 26 totaled $88.99 million, down 1% from $89.8 million.

For the fourth quarter, the company’s earnings were cut by 79.8% to $321,000 from $1.6 million for the like quarter last year. Fourth-quarter revenues dipped 1.8% to $21.8 million from $22.2 million.

In a prepared statement, the company blamed some of its loss on a one-time $1.2-million expense resulting from the consolidation of its instrument divisions and to $800,0000 spent on research and development.