ROANOKE TIMES
Copyright (c) 1997, Roanoke Times
DATE: Friday, April 18, 1997 TAG: 9704180093
SECTION: BUSINESS PAGE: A-15 EDITION: METRO
Bell Atlantic Corp.
1st qtr. ended 3-31 1997 1996
Revenues $3.41 billion $3.22 billion
Net Income $515.6 million $606.8 million
Share earnings $1.17 $1.38
Philadelphia-based Bell Atlantic provides telephone services in Virginia.
Caterpillar Inc.
1st qtr. ended 3-31 1997 1996
Revenues $4.26 billion $3.84 billion
Net Income $394 million $296 million
Share earnings $2.08 $1.53
Peoria, Ill.-based Caterpillar is an earth-moving equipment maker.
Eastman Kodak Co.
1st qtr. ended 3-31 1997 1996
Revenues $3.2 billion $3.45 billion
Net Income $149 million $274 million
Share earnings 45 cents 80 cents
Rochester, N.Y.-based Kodak is a photography and imaging company and parent of Qualex Inc. of Roanoke.
First American Corp.
1st qtr. ended 3-31 1997 1996
Net interest income $92.9 million $83.8 million
Net Income $34.0 million $29.8 million
Share earnings $1.15 $1.01
First American Corp. of Nashville, Tenn., announced a 2-for-1 stock split which will be issued May 9 to shareholders on April 28. Shareholders will receive one additional share for each share owned. On a pre-split basis, the bank holding company will increase the quarterly dividend by 29 percent from 31 cents to 40 cents a share. It will be payable May 30 to shareholders of record May 15. After the split, the dividend will be 20 cents a share.
Johnson & Johnson
1st qtr. ended 4-15 1997 1996
Revenues $5.71 billion $5.33 billion
Net Income $909 million $790 million
Share earnings 68 cents 59 cents
New Brunswick, N.J.-based Johnson & Johnson is a health care company who sells pharmaceuticals, medical equipment and consumer products. It is the parent of Innotech Inc. of Roanoke.
LADD Furniture Inc.
1st qtr. ended 1997 1996
Revenues $123.4 million $135.3 million
Net Income $520,000 ($7.0 million)
Share earnings 7 cents (91 cents)
High Point, N.C.-based LADD makes residential furniture. The 1996 first-quarter loss included a $7.2 million in losses and restructuring charges connected with the divesting of two companies. The first-quarter 1997 sales decline also reflects the divestiture.
Media General Inc.
1st qtr. ended 3-30 1997 1996
Revenues $216.1 million $184.8 million
Net Income ($54.8 million) $15.1 million
Share earnings ($2.06) 57 cents
Richmond-based Media General is parent of WSLS television in Roanoke. The company said the recent quarter's loss was partly related to an $8.2 million charge for purchase of former Park Communications properties, including WSLS.
Noland Co.
1st qtr. ended 3-13 1997 1996
Revenues $110.9 million $106.2 million
Net Income $637,531 $526,569
Share earnings 17 cents 14 cents
Newport News-based Noland is a wholesale distributor of mechanical equipment to the building trades. It has a distribution center in Roanoke.
Signet Banking Corp.
1st qtr. ended 3-31 1997 1996
Net interest income $118.99 million $118.37 million
Net Income $33.05 million $31.19 million
Share earnings 54 cents 52 cents
Signet Banking Corp., holding company for Signet Bank, is based in Richmond.
*Figures in parentheses indicate a loss.
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