National Technical Systems Inc. and Point.360 reported quarterly earnings on Thursday. National Technical Systems reported a net loss of $144,000 (-1 cent a share) for the fiscal second quarter ended July 31, compared with net income of $1.6 million (13 cents) in the same period a year earlier. Revenue fell 2.5 percent to $46.2 million. An analyst had expected the Calabasas firm to report earnings of 19 cents a share, according to Thomson Financial Network. The company, which makes electronic testing equipment, blamed the revenue decline on a decline in defense and energy sector spending. Shares of National Technical closed down 2 cents, or nearly 1 percent, to $22.81 Thursday on the Nasdaq. Point.360, a post-production and film archive service in Glassell Park, reported a loss of $889,000 (-8 cents a share) for the fiscal fourth quarter ended June 30, compared to a profit of $615,000 (6 cents) for the same quarter a year ago. Revenue declined 19 percent to $7.2 million. No analysts cover the company. In a statement, Chief Executive Haig Bagerdjian, blamed the revenue decline on the loss of one customer, but said such fluctuations have occurred in the past and correct themselves over time. For the full fiscal year, the company reported a loss of $1.2 million (-12 cents a share) compared to a profit of $448,000 (4 cents) for the previous year. Shares of Point.360 closed up 4 cents, or nearly 5 percent, to 85 cents on the Pink Sheets.
