Finance

Newport Corporation reports third quarter 2006 results

Published in Lab Law Weekly, November 24th, 2006

Newport Corporation (NEWP) reported financial results for its third quarter and provided guidance regarding its expected financial performance in the fourth quarter of 2006. Sales in the third quarter of 2006 totaled $114.3 million, an increase of approximately 11% over the $103.0 million recorded in the prior year period.

New orders received in the third quarter of 2006 totaled $116.9 million, an increase of approximately 18% over the $99.2 million recorded in the third quarter of 2005. These orders and sales resulted in a book-to-bill ratio of 1.02 in the third quarter of 2006. Newport's book-to-bill ratio has exceeded 1.0 for eight of the last nine quarters.

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Source: Lab Law Weekly (2006-11-24)

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