ROANOKE TIMES
Copyright (c) 1996, Roanoke Times
DATE: Thursday, August 15, 1996 TAG: 9608150050
SECTION: BUSINESS PAGE: B-7 EDITION: METRO
Lowe's Companies Inc.
2nd qtr. ended 7-31 1996 1995
Revenues $2.46 billion $1.98 billion
Net Income $114.3 million $85.0 million
Share earnings 67 cents 51 cents
6 mos. ended 7-31
Revenues $4.37 billion $3.61 billion
Net Income $161.3 million $143.9 million
Share earnings 96 cents 86 cents
North Wilkesboro, N.C.-based Lowe's operates 380 home center stores, including outlets in Western Virginia.
McDermott International Inc.
1st qtr. ended 6-30 1997 1996
Revenues $872.8 million $816.5 million
Net Income ($9.9 million) $6.8 million
Share earnings (18 cents) 12 cents
McDermott International Inc. is New Orleans parent of Babcock & Wilcox Power Generation and Government Groups in Lynchburg.
Westmoreland Coal Co.
2nd qtr. ended 6-30 1996 1995
Revenues $16.3 million $43.4 million
Net Income $11.1 million ($10.4 million)
Share earnings $1.41 ($1.68)
6 mos. ended 6-30
Revenues $32.7 million $88.9 million
Net Income $11.5 million ($8.9 million)
Share earnings $1.30 ($1.64)
Westmoreland, based in Colorado Springs, Colo, has owned coal operations in Western Virginia. The company said its second-quarter net income reflects a $14.7 million gain from the sale of some of its Virginia division assets, including coal reserves and mining operations.
Woolworth Corp.
2nd qtr. ended 7-27 1996 1995
Revenues $1.86 billion $1.92 billion
Net Income $22 million ($11 million)
Share earnings 17 cents (9 cents)
6 mos. ended 7-27
Revenues $3.68 billion $3.72 billion
Net Income Not reported ($91 million)
Share earnings Not reported (69 cents)
New York-based Woolworth operates 7,951 stores, including units of its F. W. Woolworth, Champs Sports, Foot Locker and Lady Foot Locker chains in the Roanoke Valley.
*Figures in parentheses indicate a loss.
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