Interpore Posts Hefty Rise in Quarterly Net

Irvine medical device company Interpore Cross International reported that net income for the third quarter climbed to $1.4 million, or 10 cents a share, from $166,000, or 1 cent a share, a year ago. The previous earnings included $381,000 in special charges associated with the May 1998 merger with Cross Medical Products and the subsequent restructuring. Sales grew 30% to $9.5 million.

The company’s stock gained 15.7%, or 78 cents a share, closing at $5.75 on the Nasdaq market.