IN BRIEF.VALLEY INDEX DROPS: Stocks in the Daily News/Bloomberg Index fell 0.31 to 132.70, led by Litton Industries Named after inventor Charles Litton Sr., Litton Industries was a large defense contractor in the United States, bought by the Northrop Grumman Corporation in 2001. Inc. of Woodland Hills and Calabasas' Countrywide Credit. Litton fell 1-3/8 to 60. Countrywide fell 1 3/16 to 43-7/8. - Bloomberg News CAL AMP REPORTS: California Amplifier said Thursday that it expects fourth-quarter and year-end 1998 sales to be lower than the year before. The Camarillo-based maker of products for the reception of microwave signals said fourth-quarter sales are expected to be slightly lower than the previous year's $8.9 million and that there should be an operating loss operating loss The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. as well. For the year, sales should come in around $47 million, compared with fiscal 1997's $49.3 million. Sales were hurt by softness in the wireless cable market and the company's MultiCipher product line. Full earnings will be released April 8. - Daily News EARNINGS IN:Mission Hills-based Whitewing Labs Inc. on Thursday reported a fourth-quarter loss of $50,277, or 26 cents per diluted share, on $1.3 million in revenues, compared to a loss of $881,417, or 33 cents a share, on sales of $801,000 a year ago.For the year ended Dec. 31, Whitewing reported a loss of $943,000, or 33 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. , on sales of $3.5 million, compared to a loss of $2.4 million, or 90 cents per share, on $3.5 million in sales in fiscal 1996. Whitewing manufactures and distributes nutritional supplements Nutritional Supplements Definition Nutritional supplements include vitamins, minerals, herbs, meal supplements, sports nutrition products, natural food supplements, and other related products used to boost the nutritional content of the diet. . - Daily News KOO KOO ROO roo Noun pl roos Austral informal a kangaroo REPORTS: Los Angeles-based restaurant operator Koo Koo Roo Inc. said Thursday that it will post a ``significant net loss'' for calendar 1997 when it reports annual results later this month, but expects to break even on its earnings before interest, taxes, depreciation and amortization Earnings before interest, taxes, depreciation and amortization (EBITDA) is a non-GAAP metric that can be used to evaluate a company's profitability.
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