Litton reports level net for fiscal year.Litton Litton can refer to:
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. , based in Beverly Hills Beverly Hills, city (1990 pop. 31,971), Los Angeles co., S Calif., completely surrounded by the city of Los Angeles; inc. 1914. The largely residential city is home to many motion-picture and television personalities. , last week said net earnings for its 1990 fiscal year that ended on July 31 went up slightly from $178.3 million to $178.8 million on revenues of $5.16 billion, a 2.7 percent increase from fiscal year 1989. Earnings per share for the year increased to $7.26 from $7.05. Fourth-quarter earnings were $45.5 million, or $1.91 a share, compared to $46.6 million, or $1.86 per share, for the same period in 1989. Revenues for the fourth quarter were $1.41 billion, a 6.8 percent increase from the same period in 1989. The company said it filed with the Securities and Exchange Commission a registration statement for a proposed offering of liquid yield option notes Liquid yield option note (LYON) Zero-coupon, callable, putable, convertible bond developed by Merrill Lynch & Co. due in 2010, which will yield about $265 million. |
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