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Q2 Results for
Bridgeport Machines
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Business New Haven
11/30/1998
By: BNH
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BRIDGEPORT - Bridgeport Machines Inc. (NASDAQ: BPTM), a manufacturer of manual and computerized metal-cutting tools, announced increased sales for its 1999 second quarter ending October 3 of $48.4 million, compared to $44.9 million for its 1998 second quarter. The company reported net income of $59,000, or one cent per diluted share, compared to a net loss of $757,000 (13 cents per diluted share) for the 1998 second quarter. Although the company showed improved results, sales declined 19 percent in North America, although this was offset by a 62-percent increase in European sales. The company has experienced increasing demand for its products in continental Europe but ebbing demand from the U.S. and the U.K.
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