Ventura County Star, Calif. Knight Ridder/Tribune Business News
Apr. 23--Power-One narrows losses in first quarter: Power-One Inc. (Nasdaq: PWER) in Camarillo rose 43 cents to $11.05 Thursday. The maker of power supply products reported new products helped to narrow its first-quarter net loss to $2.8 million, or 3 cents per share, compared with $3.1 million, or 4 cents, a year earlier.
Sales rose 22 percent to $68.7 million from $56.3 million a year earlier. The company said it would return to profitability in 2004.