Transtechnology’s Earnings Decline 35% for Quarter

Transtechnology said its earnings fell 35% to $1.6 million, or 31 cents a share, in the second quarter, which ended Sept. 30, from the year-earlier period. Revenue rose 15% to $52.8 million.

The Sherman Oaks aerospace company said its profit was hurt by substantial research, development and engineering costs.

For the six months, Transtechnology’s profit fell 48% to $2.7 million. Revenue rose 14% to $102.7 million.