Meade Sees Profits Zoom in 1st Quarter
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Meade Instruments Corp., an Irvine designer and manufacturer of telescopes and accessories, reported that net income for the first fiscal quarter more than doubled, to $1.14 million, or 16 cents a share, from $554,000, or 8 cents a share, for the year-ago period. Sales for the quarter ended May 31 advanced 16% to $17.1 million from $14.8 million.
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