Taitron Posts 25% Gain in Earnings for 3rd Quarter

Despite a 10% drop in net sales, Taitron, a Santa Clarita-based distributor of transistors and semiconductors, posted a 25.6% earnings gain for the third quarter, which ended Sept. 30.

The company posted earnings of $348,000, or 6 cents per diluted share, up from $277,000, or 4 cents per diluted share, in the year-ago period. Last year, the company had a large write-off for a computer system that is no longer used. That onetime event contributed largely to the company’s 18% drop in general and administrative expenses this quarter.

Sales for the period fell from $8.7 million a year ago, to $7.8 million for the 1998 period.