Newport Corp. Quarterly Net: Newport Corp., the...

Newport Corp. Quarterly Net: Newport Corp., the Irvine manufacturer of laboratory equipment, posted first-quarter net income of $148,000, or 2 cents a share, on sales of $22 million. For the three months ended April 30, 1992, the company reported a net loss of $12.9 million, or $1.86 a share, on sales of $24.2 million. The 1992 figure reflects a onetime $13.8-million restructuring charge against operations. In January, as previously reported, Newport made the change to a calendar fiscal year. Prior-year financial information is stated on the basis of a July 31 year-end.