SEARS, MCDONALD'S, OTHER BIG FIRMS POST QUARTERLY EARNINGS.Byline: Daily News Staff and Wire Services Sears, Roebuck and Co. reported Thursday Thursday: see week. that its fourth-quarter earnings fell 5.5 percent from a year ago and that its first-quarter profit also will be affected by increasing credit-card delinquencies. For the 14 weeks ended Jan. 3, the nation's second-largest retailer reported net income fell to $536 million, or $1.35 a 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. Sears was among a score of major U.S. corporations reporting quarterly earnings. Among them: McDonald's McDonald’s fast-food restaurant chain throughout the world; recognized by golden arches. [Am. Culture: Misc.] See : Ubiquity Corp. said its fourth-quarter profits inched higher despite disappointing sales at its domestic restaurants and weaker foreign currencies that hurt profits abroad. The fast-food fast food n. Inexpensive food, such as hamburgers and fried chicken, prepared and served quickly. fast chain said earnings for the last three months of 1997 were $410.9 million, or 58 cents a diluted share, from $410 million, or 57 cents a diluted share, in the same period a year earlier. Silicon Graphics Inc. reported a loss of $31 million for the October-December quarter as it took $53 million in restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). and acquisition charges. The company lost $13 million, or 7 cents a share, in the same period of last year. General Electric Co.'s fourth-quarter earnings rose 14 percent, led by strength in its financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. division and increased sales of aircraft parts. Earnings in the last three months of 1997 were $2.35 billion, or 70 cents per diluted share, up from $2.06 billion, or 62 cents per diluted share last year. |
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