Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: WEDNESDAY, July 19, 1995                   TAG: 9507190041
SECTION: BUSINESS                    PAGE: B-6   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Medium

EARNINGS

Capital One Financial Corp., Falls Church credit card company spun off from Signet Banking, reported second-quarter earnings of $29.5 million, or 45 cents per share, on total interest income of $104.4 million, compared with year-earlier pro forma earnings of $25.1 million or 39 cents per share, on total interest income of $89.1 million

Eastman Kodak

Eastman Kodak Co., Rochester, N.Y. parent of Qualex Inc. of Roanoke, reported second-quarter net income of $377 million, or $1.11 per share, on sales of $3.99 billion, compared with year-earlier $264 million, or 79 cents per share, on sales of $3.47 billion.

General Electric

General Electric Co. of Fairfield, Conn., whose Industrial Systems and Services division and Drive Systems headquarters are in Salem, reported second-quarter net earnings of $1.73 billion, or $1.02 per share, on revenues of $17.81 billion, compared with year-earlier $1.52 billion, or 89 cents per share, on revenues of $14.90 billion. For the first half year, net earnings were $3.10 billion, or $1.83 per share, on revenues of $32.94 billion, compared with year-earlier $2.59 billion, or $1.52 per share, on revenues of $27.69 billion.

Home Shopping

Home Shopping Network Inc., St. Petersburg, Fla.-based television retailer with an order-filing warehouse in Salem, reported a second-quarter net loss of $9.7 million, equal to 11 cents per share, on sales of $246.7 million, compared with year-earlier net income of $1.9 million, or 2 cents per share, on sales of $274.0 million.

Piedmont BankGroup

Piedmont BankGroup Inc. of Martinsville reported a decline in earnings from $2.7 million or 72 cents a share in the second quarter last year to $2.4 million or 64 cents a share in the period ended June 30.

For the first six months, Piedmont reported earnings of $4.62 million, up slightly from $4.61 million in the same period last year.

Chairman Michael R. Brenan said the second quarter showed a 13 percent improvement over the first quarter's report of $2.17 million. He said the net interest margin dropped as consumers shifted funds from savings and money market accounts to higher-cost certificates of deposit.

The company has assets of $857 million.

Directors voted Tuesday to approved a dividend of 20 cents a share payable Sept. 22 to shareholders of record Sept. 5.

VF Corp.

VF Corp., Wyomissing, Pa. parent of Bassett-Walker Inc. of Martinsville, reported second quarter net income of $65.2 million, or 99 cents per share, on sales of $1.27 billion, compared with year-earlier $58.9 million, or 88 cents per share, on sales of $1.19 billion. For the first half, net income was $123.2 million, or $1.86 per share, on sales of $2.46 billion, compared with year-earlier $111.8 million, or $1.67 per share, on sales of $2.31 billion.