Ceradyne Inc.: The Costa Mesa manufacturer of...

Ceradyne Inc.: The Costa Mesa manufacturer of technical ceramics posted net income of $45,000 for the third quarter, contrasted with a net loss of $845,000 for the comparable 1989 quarter. Sales declined 7%, to $5.4 million from $5.8 million. For the first nine months of 1990, net income was $308,050, contrasted with a year-earlier loss of $3.1 million. Revenue for both the 1990 and 1989 periods totaled $17.5 million. The company attributed the gain in net income to reduced operating expenses and improved production efficiencies.