Word: quarterly
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Dates: during 1940-1949
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Jackpot. General Motors' second-quarter earnings were something. On sales of $1,145,000,000, the net profit was $110 million. For the half year, G.M.'s gross was up only 22% over 1947. But its net was up more than 50% ($4.55 per common share v. $2.97), thanks to higher prices and steadier operations...
...them knew a runner who got so nervous before a race that he was afraid to walk down steps and had to be carried by teammates. At those times, Herb McKenley, the great Jamaican quarter-miler, walks around in a stupor, unable to speak when spoken to. Sweden's famed miler, Lennart Strand, gets absentminded; he recently went out for a race without his running shirt...
...Sales and earnings for the second quarter," crowed Johns-Manville Corp.'s Board Chairman Lewis H. Brown, "were the largest for any quarter in the company's history." He did not crow alone. In the spate of second-quarter reports that came out last week, many another businessman sang the same happy tune...
...trucks about gone, profits fell for such smaller producers as Mack Trucks (down 50%) and Autocar (down 90%). Colgate-Palmolive-Peet's half-year profits dropped more than 50%. Bendix Home Appliances also felt a sag in sales, reporting a profit of $900,550 for the second quarter v. $2,565,-208 for the corresponding period last year. Profits of shoe companies were down; International Shoe...
...rise to an alltime high in sales, the answer was no. But profits far outdistanced sales in other cases. For example, with sales up only 36% over the same period last year, General Portland Cement's six-month net jumped over 75%. In this year's second quarter, Willys-Overland had a 29% rise in sales, a 70% rise in profits to $2,019,029. Perhaps the best part of all this rich news was that backlogs, in general, were as big as ever. The prevailing optimism was expressed by Lehigh Coal & Navigation Co., whose profits are running...