Newport Corp. posted a 3% decline in...

Newport Corp. posted a 3% decline in income for fiscal 1989, to $7.1 million from $7.3 million a year earlier. Sales for the year ended July 31 rose 7%, to $57.3 million from $53.4 million. For the fourth quarter, net income decreased 19%, to $1.7 million from $2.2 million for the same period last year. Sales totaled $14.6 million, a 2% decline from the $14.9 million reported for the corresponding quarter in fiscal 1988. Newport Corp., based in Fountain Valley, manufactures precision instruments, components and accessories for the laser and electrooptics market.