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Bridgeport Machines
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Business New Haven
10/20/1997
By: Russell Stone
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BRIDGEPORT - (NASDAQ: BPTM) warned that it would show a post of approximately 12 to 18 cents per share, or $700,000 to $1 million overall, on sales of $46 million. This loss for the second quarter of FY 1998, ending September 27, 1997, compares to per-share profits one year ago of 28 cents, including a one-time favorable adjustment of seven cents. President and CEO Dan Griffith blamed the loss on continuing difficulties in Bridgeport Machine's European markets. The rising British pound has increased the selling price of Bridgeport products. Griffith hopes that continuing cuts in its European operations and new products due by the end of the fiscal year will turn the situation around.
WATERBURY - MacDermid Inc. (NASDAQ: MACD) said its second quarter earnings (ended September 30) would come in at 82 cents per share, in accord with analysts' expectations. In response to stock price volatility, MacDermid's chief executive, Dan Leever, stressed that “The company continues to perform as expected,” and that MacDermid presently plans no large acquisitions or other major moves.
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