EARNINGS.Great Western: Great Western Financial Corp. reported 11 percent higher fourth-quarter earnings, benefiting from cost-cutting, higher fee and commission income and lower interest rates. Great Western, which operates the nation's second-largest savings and loan savings and loan n. a banking and lending institution, chartered either by a state or the Federal government. Savings and loans only make loans secured by real property from deposits, upon which they pay interest slightly higher than that paid by most banks. and has separate consumer-finance and investment subsidiaries, earned $98.6 million, or 66 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. , during the October-December quarter. A year earlier, its profit was $88.7 million, or 61 cents per share. Earnings for the year rose slightly to $261 million, or $1.71 per share, from $251 million, or $1.69 per share for 1994. Fourth-quarter net income in the previous year included $37.1 million from the sale of 31 Florida Florida, state, United States Florida (flôr`ĭdə, flŏr`–), state in the extreme SE United States. A long, low peninsula between the Atlantic Ocean (E) and the Gulf of Mexico (W), Florida is bordered by Georgia and retail banking branches. That quarter's profit was reduced by $7.5 million in special one-time one-time adj. 1. or one·time a. Occurring or undertaken only once: a one-time winner in 1995. b. charges. Excluding the special gains and losses, net earnings for the fourth quarter of 1994 were $59 million, or 39 cents per share, and full-year 1994 earnings were $222 million, or $1.47 per share. Kodak (company) Kodak - The photographic company responsible for Photo CD. http://kodak.com/. posts $275 million profit: Eastman Kodak Co. posted a fourth-quarter profit of $275 million Thursday Thursday: see week. and confirmed that it might either sell its copier division or opt for an alliance or a joint venture with another company. Kodak said it earned 80 cents a share on sales of $4.19 billion. A year ago, after setting aside $587 million to cover layoffs and reduce debt, it earned $18 million, or 5 cents a share, on sales of $3.9 billion. GE:Led by its NBC NBC in full National Broadcasting Co. Major U.S. commercial broadcasting company. It was formed in 1926 by RCA Corp., General Electric Co. (GE), and Westinghouse and was the first U.S. company to operate a broadcast network. broadcasting network and its finance and plastics divisions, General Electric Co. Thursday reported stronger earnings for the fourth quarter of 1995. Net income rose to $1.865 billion, or $1.12 a share, from $768 million, or 45 cents a share, in the 1994 quarter. Earnings then were held down by the sale of General Electric's Kidder, Peabody brokerage operations - for which it took a charge of $868 million - and another smaller charge in the fourth quarter of 1994. Net income increased 11 percent in the fourth quarter of 1995. |
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