THE VIRGINIAN-PILOT
Copyright (c) 1996, Landmark Communications, Inc.
DATE: Tuesday, July 23, 1996 TAG: 9607230359
SECTION: BUSINESS PAGE: D1 EDITION: FINAL
LENGTH: 46 lines
Mobil Corp. reports record earnings
Mobil Corp. said its earnings increased more than fourfold in the second quarter. The nation's second-largest oil company reported it earned $783 million in the quarter ended June 30, compared to $179 million in the same period of 1995. Earnings per share were $1.95, compared to 42 cents last year. Revenue increased to $19.5 billion from $18.8 billion a year ago. Mobil reported income from oil and natural gas exploration and production increased $95 million to $470 million in the quarter. Income from marketing and refining rose $112 million to $352 million. Chemical income plunged $121 million to $65 million from last year's record $186 million quarter. (Associated Press)
Microsoft sees increase in revenues and income
Strong sales of programs that are pre-installed on personal computers helped Microsoft Corp. to a 52 percent jump in profit during its fiscal fourth quarter, the company said Monday. Microsoft earned $559 million, or 87 cents per share, in the quarter that ended June 30, compared with a year-earlier profit of $368 million, or 58 cents a share. Revenue rose 39 percent to a record $2.3 billion, from $1.6 billion a year ago. Earnings were just above analysts' consensus of 84 to 85 cents a share. The company released the results after stock markets closed. (AP)
Dollar Tree reports sales and earnings up
Dollar Tree Stores Inc. reported net earnings for the quarter ended June 30 of $3.7 million on sales of $102.7 million, compared with net earnings of $2.6 million on sales of $62.9 million in the second quarter of 1995. Earnings per share increased to 13 cents in the second quarter of 1996 from 9 cents in the same period last year. Earnings per share reflect a 50 percent dividend after a 3-for-2 stock split was completed in April. Sales increased $39.8 million over sales for the second quarter of 1995. (Staff)
FAA is looking at ways to release safety data
People choosing an airline may one day be able to compare not just schedules and prices, but also safety records. The Federal Aviation Administration is looking into ways that safety ratings can be provided to the public. It has promised a report to the Senate Commerce transportation subcommittee within four months. No conclusions have been reached about which government agency would collect and distribute the data, an FAA official, speaking on condition of anonymity, said Monday. (AP) by CNB