UPDATE 1-Ceradyne profit falls on higher expenses

Newswire

(Adds details, outlook) NEW YORK, Oct 30 (Reuters) - Ceradyne Inc said on Tuesday third-quarter profit fell as strong sales of its ceramic armor plates were offset by higher research and development costs and other expenses. The company, which also makes ceramics for industrial applications, forecast full-year earnings at the lower end of its previous forecast. Ceradyne, based in Costa Mesa, California, reported net profit of $32.7 million, or $1.16 per share, compared with $36.9 ...

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