Meade Posts 27% Gain in 1st-Quarter Earnings

Meade Instruments Corp., Irvine designer and manufacturer of telescopes and accessories, posted net income of $1.4 million, or 9 cents a share, for the fiscal first quarter ended May 31, 27% higher than the $1.1 million, or 8 cents a share, for the like period last year. Sales increased 33% to $22.8 million.