Newport Corp.: The Irvine manufacturer of equipment...

Newport Corp.: The Irvine manufacturer of equipment for the development of laser and optics technology said net income for the third quarter advanced 50% to $1.1 million, or 12 cents a share, from $744,000, or 8 cents a share, a year ago. Sales increased 20% to $29.2 million from $24.3 million. Net income for the nine months rose 25% to $3 million, or 34 cents a share, from $2.4 million, or 28 cents a share, for the prior-year period. The 1995 period included one-time investment income totaling $499,000. Sales were up 18% to $87.3 million from $74.1 million.