Sharply lower revenue for the third quarter...

Sharply lower revenue for the third quarter of fiscal 1989 resulted in a loss of $1.9 million for Computer Automation Inc. The company reported a profit of $42,000 for the same period a year ago. Revenue for the 3 months ended March 31 fell 51%, to $2.8 million from $5.8 million. For the 9-month period, Computer Automation incurred a loss of $1.2 million, contrasted with a year-earlier profit of $743,000. Revenue declined 23%, to $13.4 million from the $17.3 million of the previous year. George Pratt, chairman and chief executive, said that most of the revenue decline was caused by a continuing lag in orders for the automatic test equipment manufactured by the company.