Word: nets
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Dates: during 1950-1959
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...outpouring of third-quarter earnings reports last week, most companies found plenty to cheer about. Even where sales were off, the drop was so heavily cushioned by the cut in taxes this year, that in most cases net profits held up well. Of the 600-odd corporations that had reported by last week, almost half racked up substantial gains over the third quarter of prosperous 1953. As a result, many a corporation increased its dividends or handed out extras...
Better Times. Westinghouse Electric Corp.'s President Gwilym A. Price reported a third-quarter sales record of $401,674,000, a good 4.9% better than the previous record set last year, though the net was down 1.7%. For 1954's first nine months, said Price, Westinghouse sales of $1,213,000,000 broke alltime records, along with earnings which were up 17.7%, to $62,644,000 ($3.77 per common share). Moreover, President Price reported a general quickening of business, and the board of directors declared an extra 50? dividend. Despite a 7% dip in sales, General Electric rolled...
Steel Doldrums. Amid the general rejoicing, there were some groans of dismay. Alcoa was off 11.4%, to $11,525,459. In the chemical industry, American Cyanamid's earnings went up 14%, to $6,434,475, but Union Carbide and Carbon's net slid to $21,342,676, down 19.3%, and Allied Chemical...
...Pennsylvania, which had been in the red most of the year, moved into the black in September, declared its first dividend of the year (75?). One of the best performances was turned in by the New York, New Haven and Hartford under new President Patrick B. McGinnis. Its quarterly net was $2,591,190, a big 64.4% over last year's third quarter...
...Democrats needed a net gain of two seats on election day, but incomplete returns coupled with the extremely close races everywhere made predictions impossible...