ROANOKE TIMES
Copyright (c) 1997, Roanoke Times
DATE: Wednesday, April 9, 1997 TAG: 9704090020
SECTION: BUSINESS PAGE: B-5 EDITION: METRO
Circuit City Stores Inc.
4th qtr. ended 2-28 1997 1996
Revenues $2.42 billion $2.25 billion
Net Income $68.3 million $82.1 million
Year ended 2-28
Revenues $7.66 billion $7.03 billion
Net Income $136.4 million $179.4 million
Richmond-based Circuit City operates home electronics stores and CarMax used car stores. The company created the Circuit City and CarMax Groups in February. Circuit City Stores Inc. common stock was redesignated as Circuit City Group Common Stock, and the company completed an initial public offering of CarMax Group Common Stock. Net earnings for Circuit City Stores Inc. include the consolidated operations of both groups.
MainStreet BankGroup Inc.
1st qtr. ended 3-31 1997 1996
Net Interest Income $11.77 million $10.99 million
Net Income $3.93 million $3.91 million
Share earnings 34 cents 34 cents
MainStreet BankGroup, a multi-bank holding company headquartered at Martinsville, said earnings fell short of market expectations because of a check-kiting scheme that surfaced late in the quarter at one of its affiliate banks. Except for this scheme, earnings would have been $4.34 million.
LENGTH: Short : 35 linesby CNB