ROANOKE TIMES
Copyright (c) 1996, Roanoke Times
DATE: Wednesday, August 21, 1996 TAG: 9608210053
SECTION: BUSINESS PAGE: B-6 EDITION: METRO
Roanoke Electric Steel Corp.
3rd qtr. ended 7-31 1996 1995
Revenues $61.5 million $68.6 million
Net Income $2.95 million $5.2 million
Share earnings 39 cents 65 cents
9 months ended 7-31
Revenues $178.1 million $188.3 million
Net Income $10.2 million $13.3 million
Share earnings $1.29 $1.65
Roanoke Electric Steel Corp. of Roanoke is a mini-mill producer of finished steel products. The company said it had expected third-quarter earnings to be down because of a shutdown for the installation of new equipment but that unexpected problems prolonged the shutdown, hurting earnings more than anticipated. Production is now back up to near normal levels and the company said it expects the fourth quarter to be an improvement over the third.
Talbots Inc.
2nd qtr. ended 8-3 1996 1995
Revenues $232.1 million $226.9 million
Net Income $6.6 million $8.3 million
Share earnings 20 cents 24 cents
Talbots, based in Hingham, Mass., is a women's clothing merchant with catalog operations and 505 stores, including one in Roanoke County.
The Limited Inc.
2nd qtr. ended 8-3 1996 1995
Revenues $1.90 billion $1.72 billion
Net Income $33.2 million $28.7 million
Share earnings 12 cents 10 cents
6 mos. ended 8-3
Revenues $3.68 billion $3.31 billion
Net Income $61.3 million $49.0 million
Share earnings 21 cents 18 cents
Columbus, Ohio-based Limited operates Express, Lerner New York, Lane Bryant, Limited, Structure, Limited Too, Victoria's Secret and Bath & Body Works stores in Southwest Virginia.
WLR Foods Inc.
4th qtr. ended 6-29 1996 1995
Revenues $262.8 million $239.2 million
Net Income ($6.8 million) $807,000
Share earnings (38 cents) 5 cents
Year ended 6-29
Revenues $997.6 million $908.8 million
Net Income ($4.7 million) $16.1 million
Share earnings (27 cents) 90 cents
WLR Foods Inc. of Rockingham County is a provider of turkey and chicken products, primarily under the Wampler Foods, Wampler-Longacre and Cuddy Family Farms labels. High grain prices that increased the cost of poultry feed and caused the liquidation of beef herds contributed to this year's losses, the company said.
*Figures in parentheses indicate a loss.
LENGTH: Medium: 65 linesby CNB