Word: nine-month
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Even some of the struck steel giants, despite big quarterly losses, reported nine-month earnings well ahead of last year. Third-ranking Republic reported a net loss of $24,861,406, biggest quarterly loss in its 60-year history. But because of a record second period, Republic's nine months' net was $2.69 per share v. $2.50 last year. Youngstown Sheet & Tube Co., No. 6 among the nation's steelmakers, had a third-quarter loss of $7,149,660. In the first nine months of 1959, Youngs-town's net was $6.20 per share...
Leading the automakers' third-quarter reports was Ford Motor Co., which had earnings of $53.2 million, or 97? per share, v. a $14.9 million loss in the same period last year. The buoyant third period pushed Ford's nine-month earnings to $6.19 per share. Studebaker-Packard had a third-period net of $3,399,779, or 53? per share, v. a loss of $9,200,000 last year, pushed its nine-month earnings to $2.39 per share. Chrysler, hit hard by expansion and new model costs, reported a third-quarter loss of $34.2 million, highest...
...first trickles of third-quarter earnings reports from industry's accountants were uniformly good. Thanks to big defense orders and strong consumer sales, General Electric Chairman Ralph Cordiner was able to announce record nine-month earnings of $189,512,000, up 17% to $2.16 per share for the nation's biggest electrical-equipment firm. Giant International Business Machines had a nine-month profit of $102 million, up 10%. Drugs, retailing and food companies all were up, with cheery reports from R. H. Macy & Co., Upjohn Co., Kroger Co. Ford Motor was doing so well that it declared...
...month." But the Marine Corps had other ideas. The medics were not likely to certify him for duty that early, although his injuries seemed to be remarkably minor. Even if they did, Pilot Rankin's next duty, according to orders on the docket, will be a nine-month general-staff course at Quantico, where good officers get better and a pilot can still get enough flight time to keep his hand...
...road to plenty side by side with their bigger brothers. American Motors, which made money through 1958, is outdoing itself in 1959. From President George Romney came a beaming report of April-June earnings of $2.70 a share, more than double last year's performance. American's nine-month earnings for fiscal 1959 ($8.36 a share) are running three times ahead of last year, came within only a few thousand dollars of the $50 million profit forecast for the whole year. In South Bend, Studebaker-Packard President Harold E. Churchill gave his fast-selling Lark full credit...