Meade Instruments Reports Jump in Income

Irvine-based Meade Instruments Corp., a designer and maker of telescopes and related accessories, reported first quarter net income of $554,000, or 8 cents a share, up from $2,000 a year ago. The figure a year ago included an adjustment of $374,000, or 7 cents a share.

Sales for the quarter ended May 31 increased 17% to $14.8 million from $12.7 million.