Word: year-ago
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...eleven U.S. trunk lines ran into heavy financial trouble in 1961-62 because of the high costs of the new jets and the disappointingly low number of new passengers, but they have earned $27 million in 1963's first eight months, v. a $10 million loss for the year-ago period...
...rampaging bulls. Even if the bulls do win, the Agriculture Department predicts that there will be little immediate effect on retail prices. But by June or July, the department says, the overall U.S. potato supply will probably dwindle enough to raise supermarket prices of potatoes back to year-ago levels of about...
...impact of the recession that everyone hopes is passing plainly showed in first-quarter earnings, which began to come out last week. The overall average decline for 174 of the first companies reporting was 13.2% from the year-ago period; almost every major industry, except possibly cosmetics, felt the pinch. But with the U.S. economy clearly on the way to recovery, most businessmen were confident that sales and earnings would improve in the next quarter...
...companies suffered. International Business Machines' first-quarter profit set a record ($2.67 per share) for the period, a 39% gain over the year-ago period. Both Revlon and the Borden Co. also had record first-quarter earnings. American Machine & Foundry's Chairman Morehead Patterson predicted, as quarterly earnings rose to 93? a share v. 87? a year ago, that 1961 would be "a very satisfactory year...
...Retail sales, after three months of continuous retreat, rallied in February, advanced 1% above January figures. Last week, for the fourth consecutive week, department store sales were reported to have topped year-ago levels, currently are running 2% ahead of 1960. ¶ Manufacturers of durable goods reported a 1% increase in shipments in February over January, the first improvement since last May. They also reported a 2% increase in new orders over January. ¶ Private-housing starts increased 7% in February, continuing a recovery that began in January...