Word: profitable
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Dates: during 1940-1949
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Aircraft shares led last week's little parade. Their earnings were the poorest of all U.S. business but their prospects were good; some of the military manufacturers (e.g., Convair, Boeing and North American) already had backlogs in nine digits. In a week when General Motors (with a record profit) hit a low for the year, Douglas Aircraft hit a high of 63⅜, though it reported a loss...
Many of the other plane companies and airlines were worse off than Douglas in 1947. But their shares went up anyway. Curtiss-Wright and American Airlines hit new highs for the year. One profit-making exception was Grumman Aircraft Engineering Corp. which earned $2.2 million last year. Its shares went up to 41½, eleven points above the year...
Last year, Kilpatrick boosted the gate to $7,800,000, eclipsing Rickard's alltime record ($7,600,000 in 1927) and turned in a net profit of $1,200,000. Said he: "I think business is good enough to support two Gardens. When the new one is ready, we'll keep the old one going...
Expensive Experiment. General Electric Co. told why it could afford to cut prices (TIME, Jan. 12). On record peacetime sales of $1.3 billion in 1947, it had netted $95,298,940, highest in its 56-year history. But the margin of profit on sales was down (7.2% against 11.6% prewar). The experiment in price cutting, said G.E.'s Charles E. Wilson, will cut gross sales about...
Stepped Up. In 1947, General Motors Corp. had the best year in its history. With net sales of $3,815,159,163, its net profit was $287,991,373, better by $11 million than in 1928, best previous year. But the profit was down to 7.5% of sales...