Parker Automotive Corp.: The Costa Mesa manufacturer...

Parker Automotive Corp.: The Costa Mesa manufacturer of engine cleaning products reported second-quarter earnings of $205,800, contrasted with a loss of $48,000 for the comparable quarter in 1989. Revenue for the quarter ended Aug. 31 more than doubled to $3.6 million from $1.3 million. For the six-month period, earnings totaled $1.5 million, contrasted with a loss of $833,300 for the year-earlier period. Revenue rose to $7.7 million from $1.6 million. The company said earnings in the second quarter were adversely affected by postponement of a shipment to Saudi Arabia due to the Iraqi invasion of Kuwait. The Saudi shipment will be reflected in the company’s third quarter results.