EARNINGS ROUNDUP.Ascend Communications Inc. Alameda-based computer network company 2nd Qtr June 1998 1997 Sales $327.4 million $311.7 million Net Income (Loss) $59.1 million ($48.8 million) Net Per Share (Loss) 29 cents (26 cents) (x) Phone companies and Internet service providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. are buying more of Ascend's computer switches, which let them combine voice and data traffic on a single network. Donaldson, Lufkin & Jenrette Inc. New York-based brokerage 2nd Qtr June 1998 1997 Sales $1.18 billion $814.2 million Net Income $142.3 million $100.2 million Net Per Share $1.05 cents 79 cents (x) Commission revenue rose 28 percent while underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. revenue nearly doubled. Fannie Mae Fannie Mae: see Federal National Mortgage Association. Washington, D.C.-based mortgage financing company 2nd Qtr June 1998 1997 Net Income $848 million $752.7 million Net Per Share 80 cents 69 cents (x) Second-quarter profit rose 13 percent, as the country's biggest mortgage finance company earned more from its portfolio of mortgage-backed securities Mortgage-backed securities (MSBs) Securities backed by a pool of mortgage loans. and reduced its credit expenses. Johnson & Johnson New Brunswick New Brunswick, province, Canada New Brunswick, province (2001 pop. 729,498), 28,345 sq mi (73,433 sq km), including 519 sq mi (1,345 sq km) of water surface, E Canada. , N.J.-based drug maker June 2nd Qtr 1998 1997 Sales $5.8 billion $5.7 billion Net Income $1 billion $909 million Net Per Share 74 cents 67 cents (x) Second-quarter profit rose on increased sales of its anemia anemia (ənē`mēə), condition in which the concentration of hemoglobin in the circulating blood is below normal. Such a condition is caused by a deficient number of erythrocytes (red blood cells), an abnormally low level of hemoglobin treatment Procrit and schizophrenia medicine Risperdal. City National Corp. Beverly Hills-based bank 2nd Qtr. June 1998 1997 Assets $5.5 billion $4.7 billion Net income $23.6 million $19.6 million Net per share 49 cents 41 cents (x) The company's loans were up 23 percent for the quarter. |
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