Gish Biomedical Inc.: The Irvine manufacturer of...

Gish Biomedical Inc.: The Irvine manufacturer of surgical products said it lost $84,100, or 3 cents a share, for the first quarter of fiscal 1996, which included a one-time charge to operations of $702,000 for the termination of a distributor contract. The company earned $396,800, or 13 cents a share, for the like period last year. Sales for the quarter ended Sept. 30 were flat at $5.3 million.