Meade Instruments Profits Nearly Double

Meade Instruments Corp., the Irvine designer and manufacturer of telescopes and accessories, posted third-quarter net income of $7.7 million, or $1.01 a share, 97% higher than the $3.9 million, or 56 cents a share, for the like period last year. Sales for the quarter ended Nov. 30 more than doubled to $63.7 million from $31.2 million.