Teledyne 2Q report

Teledyne Technologies' Continental Motors unit saw a $700,000 operating profit in the second quarter after losing $4.3 million in the first quarter of 2009 and $2.8 million in the fourth quarter of 2008. Sales for Teledyne Continental Motors, based in Mobile, Ala., were down 38 percent in the second quarter from a year ago. The overall company, based in Thousand Oaks, Calif., had a profit of $25.2 million in the second quarter, down 23 percent from the second quarter of 2008. (Source: Mobile Press-Register, 07/24/09)