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Galileo Corp. Reports Second Quarter Results

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STURBRIDGE, Mass., April 26 -- Galileo Corporation reported net income of $180,000, or $.02 per share, on sales of $10.8 million for its second quarter of fiscal 1999. For the second quarter of the previous fiscal year, the company had reported a net loss of $896,000, or a loss of $.12 per share, on sales of $11.5 million. Lower sales in the company's Scientific Detector Products business led to a 5.5% drop in sales for the quarter as compared with the same period last year. Galileo attributed its improved profitability to the recent realignment of the company's businesses, discontinuation...Read full article

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    Published: April 1999
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