Word: nettings
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Dates: during 1950-1959
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Record for G.E. Steelmakers, hit by strikes in the second quarter of 1952, boosted profits sharply this year as mills worked at capacity. Republic Steel's President Charles White reported a net of $14,931,475 v. $4,502,543 in last year's second quarter. Allegheny Ludlum Steel Corp. earned $2,163,275 for the quarter v. $889,425, and Pittsburgh Steel Co. reported first half earnings of $3,826,612 v. $674,891 a year...
...spite of grumblings about slow appliance sales, General Electric reported a whopping $1,560,448,000 in sales for the first six months, an alltime high. Net profit for the period, said President Ralph J. Cordiner, was up 32% to $75,417,000. American Airlines profits, reflecting the air travel boom, rose from $5,099,000 in the first half of last year to $6,658,000, President C. R. Smith reported...
General Lucius D. Clay, chairman of Continental Can, announced sales and earnings in the first six months of 1953 were highest in the company's history. Net of $6,911,364 in the period compared with $4,202,036 last year. General Foods earnings for the second quarter were up from $5,317,523 to $5,953,765, though H. J. Heinz Co. reported lower net profits on higher sales for the year ended April 29. In the drugstore field, United Cigar-Whelan Stores Corp. reported higher net income, in spite of a sales decline of almost...
Back in Focus. Even the movie industry was looking up. Loew's Inc. had a profit of $1,014,142 for the twelve weeks ended June 4, v. $740,817 a year ago; in the 26 weeks ended April 24, Republic Pictures Corp. net was up from $379,551 a year ago to $473,150. Polaroid Corp., which makes glasses for three-dimensional pictures, reported that sales almost doubled and earnings almost tripled ($2.34 per share v. 78? a year ago) in the first six months...
...companies that reported smaller profits this year were off by only a small margin, e.g., Industrial Rayon Corp., down from $2.35 a share to $2.33. A few companies reported deficits. One of the biggest: Lehigh Valley Coal Corp., which lost $1,146,019 in the first half v. a net loss of $569,093 a year...