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EARNINGS ROUNDUP.


Apple Computer Inc.

Cupertino-based computer maker

June June: see month.  3rd Qtr. 1998 1997

Sales $1.4 billion $1.7 billion

Net Income (Loss) $101 million (x) ($56 million)

Net Per Share 65 cents 44 cents

(x) Net income includes a $26 million gain from nonrecurring Non`re`cur´ring

a. 1. Nonrecurrent; as, the costs of a layoff are considered as a nonrecurring expense s>.
 items. Without the gain, income would have been $75 million, or 50 cents per diluted di·lute  
tr.v. di·lut·ed, di·lut·ing, di·lutes
1. To make thinner or less concentrated by adding a liquid such as water.

2. To lessen the force, strength, purity, or brilliance of, especially by admixture.
 share. The company said it sold a record number of its Power Macintosh See Power Mac.

(computer) Power Macintosh - Apple Computer's personal computer based on the PowerPC, introduced on 1994-03-14. Existing 680x0 code (both applications and device drivers) run on Power Macintosh systems without modification via a Motorola 68LC040 emulator.
 G3 computers.

BankAmerica Corp.

San Francisco-based bank

June 2nd Qtr. 1998 1997

Sales (x) $3.95 billion $3.64 billion

Net Income $890 million $799 million

Net Per Share $1.24 $1.07

(x) Sales figures sales figures nplcifras fpl de ventas  comprise interest and noninterest income. Interest income for the quarter was $2.11 billion, compared with $2.21 billion in the like year-ago period. Noninterest income was $1.84 billion, vs. $1.43 billion.

Caterpillar caterpillar (kăt`əpĭl'ər, kăt`ər–), common name for the larva of a moth or butterfly. Caterpillars have distinct heads and are segmented and wormlike.  Inc.

Peoria, Ill.-based construction equipment maker

June 2nd Qtr. 1998 1997

Sales $5.60 billion $4.87 billion

Net Income $446 million $435 million

Net Per Share $1.20 $1.13

Compaq Computer Corp.

Houston-based computer maker

June 2nd Qtr. 1998 1997

Sales $5.83 billion $5.52 billion

Net Income (Loss) ($3.63 billion) (x) $257 million

Net Per Share ($2.33) 17 cents

(x) The company posted charges this quarter in connection with its acquisition of Digital Equipment Corp. and closure of some facilities. Excluding those charges, net income was $32 million, or 2 cents per share Cents per share

The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned.
.

Eastman Kodak Co.

Rochester, N.Y.-based photography company

June 2nd Qtr. 1998 1997

Sales $3.54 billion $3.85 billion

Net Income $495 million (x) $368 million

Net Per Share $1.51 $1.11

(x) Earnings improvement was due to manufacturing productivity gain; cuts in sales, general and administrative expenses; and reductions in research and development costs, the company said.

Freddie Mac Freddie Mac: see Federal Home Loan Mortgage Corporation.  

McLean, Va.-based mortgage financier

June 2nd Qtr. 1998 1997

Sales $881 million $806 million

Net Income $414 million $340 million

Net Per Share 56 cents 45 cents

Ford Motor Co.

Dearborn, Mich.-based automaker

June 2nd Qtr. 1998 1997

Sales $37.3 billion $40.3 billion

Net Income $2.4 million $2.5 million

Net Per Share $1.91 $2.06

Huntway Refining refining, any of various processes for separating impurities from crude or semifinished materials. It includes the finer processes of metallurgy, the fractional distillation of petroleum into its commercial products, and the purifying of cane, beet, and maple sugar  Co.

Newhall-based owner and operator of oil refineries This is a list of oil refineries. The Oil and Gas Journal also publishes a worldwide list of refineries annually in a country-by-country tabulation that includes for each refinery: location, crude oil daily processing capacity, and the size of each process unit in the refinery.  

June 2nd Qtr. 1998 1997

Sales $20.3 million $23.7 million

Net Income $1.1 million (x) $59,000

Net Per Share 7 cents 0.00

(x) Improved results were due to higher margins on asphalt asphalt (ăs`fôlt, –fălt), brownish-black substance used commonly in road making, roofing, and waterproofing. Chemically, it is a natural mixture of hydrocarbons.  and light-end products.

Northrop Grumman Northrop Grumman Corporation (NYSE: NOC) is an aerospace and defense conglomerate that is the result of the 1994 purchase of Grumman by Northrop. The company is the third largest defense contractor for the U.S.  Corp.

Los Angeles-based aerospace and defense company

June 2nd Qtr. 1998 1997

Sales $2.1 billion $2.2 billion

Net Income $93 million $108 million

Net Per Share $1.34 $1.59

PG&E Corp.

San Francisco-based power company

June 2nd Qtr. 1998 1997

Sales $4.8 billion $3.1 billion

Net Income $174 million $193 million

Net Per Share 46 cents 49 cents

Variflex Inc.

Moorpark-based maker of sports equipment and accessories

April 3rd Qtr. 1998 1997

Sales $10.6 million $14.6 million

Net Income (Loss) $20,000 ($380,000)

Net Per Share 0.00 (6 cents)
COPYRIGHT 1998 Daily News
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1998, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:BUSINESS
Publication:Daily News (Los Angeles, CA)
Date:Jul 16, 1998
Words:518
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