The company, which makes ceramic plates used in armor worn by U.S. soldiers, said full-year results would likely come in at the lower end of a previous forecast, citing weakness in European industrial markets.
Net income came to $708,000, or 3 cents a share, down 99 percent from $32.4 million, or $1.18 a share, a year earlier.
Adjusted for interest expense, profit came to 5 cents a share, compared with 20 cents expected by analysts, according to Reuters Estimates.
Sales fell 47 percent to $99.8 million. New orders came to $150.7 million in the quarter, down from $211.8 million a year earlier.
Ceradyne backed its February forecast calling for profit of $1.60 to $2.00 a share for 2009 and sales of $465 million to $500 million, but cited a 'higher probability' of posting results at the low end of the range.
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