Laser Precision Corp. reported that third-quarter net...

Laser Precision Corp. reported that third-quarter net income almost quadrupled to $569,000 from the year-earlier $143,000. Sales increased 38%, to $6.7 million from $4.9 million in the corresponding quarter of the prior year. For the 9 months, net income totaled $1.2 million. It was $112,000 in the prior year. Sales increased 48%, to $18.9 million from $12.7 million for the same period in 1987. Laser Precision, based in Irvine, designs and builds laser-based test and measurement instruments.