Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: THURSDAY, August 11, 1994 TAG: 9408110073
SECTION: BUSINESS PAGE: B8 EDITION: METRO
SOURCE:
DATELINE: LENGTH: Medium
Because of software problems in computers linking the Roanoke Times & World-News with The Associated Press in New York, there have been numerous problems this week in transmission of stock market tables. We regret the inconvenience this has caused our readers. Readers who have specific questions may call business editor John Levin at (703) 981-3340.
Earnings reports
Richfood Holdings Inc., Richmond food wholesaler with customers in Western Virginia, reported net earnings of $4.9 million, or 23 cents per share, for its first quarter ended July 23, a 10.4 percent increase over $4.4 million, or 21 cents per share, a year earlier. Sales were $296.5 million, a 1.1 percent increase over sales of $293.4 million for the first quarter of fiscal 1994.
Scott & Stringfellow Financial Inc., Richmond parent of Scott & Stringfellow Inc. in Roanoke, reported net income of $501,000, or 24 cents per share, for its fourth quarter ended June 24, compared with $963,000, or 45 cents per share, a year earlier. Revenue was $12.4 million, compared with year-earlier $13.0 million. For its fiscal year, Scott & Stringfellow reported net income was $3.0 million, or $1.40 per share, compared with $3.5 million, or $1.65 per share. Revenues were $52.1 million, compared with $48.1 million a year earlier.
- Staff reports
Briefly ...
Revco D.S. Inc., Twinsburg, Ohio, operator of Revco drug stores, said Wednesday its recently acquired subsidiary, Hook-SupeRx Inc., has mailed purchase offers to the holders of HSI's outstanding 10-1/8 percent senior notes due June 1, 2002. The proposed purchase price is equal to 101 percent of the principal amount of the notes, plus accrued interest to the date of purchase.
The American Stock Exchange on Wednesday opened options trading on the listed stock of Hillenbrand Industries Inc. Hillenbrand Industries, based in Batesville, Ind., manufactures hospital equipment, home infusion therapy products, burial caskets, and high security locks at its Medeco Security Locks Inc. unit in Salem. The company's options, listed with the symbol HB, opened with strike prices of $25 to $35 and position limits of 4,500 contracts. Initial expiration months are September, October and December, and March of 1995.
by CNB