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St. Louis Post-Dispatch from St. Louis, Missouri • Page 28

Location:
St. Louis, Missouri
Issue Date:
Page:
28
Extracted Article Text (OCR)

8C BUSINESS ST. LOUIS POST-DISPATCH WEDNESDAY, JULY 23. 1997 EARNINGS REPORTS ST. LOUIS COMPANIES BY THE NUMBERS MONSANTO CO. BROOKS FIBER PROPERTIES INC.

Symbol: MTC Exchange: NYSE 3 mot. to Pet 63096 chg. 3 mos. to 63097 Symbol: BFPT Exchange: NASD 3 mot. to 3 mot.

to Pet 63097 63096 chg. Sales (millions) $27.8 $8.41 230 Net income in millions N.M. Per share N.M. 6 mos. to 6 mot to Pet 63097 63096 chg.

Sales (millions) $48.3 $15.2 218 Net income in millions N.M. Per share N.M. Sales (millions) $2,652 $2,579 10.5 Net Income in millions $324 $365 -11 Per share $0 54 $0.62 -13 6 mos. to 6 moi to PcL 63097 63096 chg. Sales (millions) $5,426 $4,883 11 Net income in millions $598 $625 -4 Per share $0 99 $1.05 -6 UNION ELECTRIC CO.

Symbol: UEP Exchange: NYSE 3 mos. to 3 mos. to Pet 63097 63096 Sales (millions) $549.9 $545 4 0 8 Net income in millions $69 6 $63 9 9 Per share $0,635 $0,625 2 6 mos. to 6 mot to 63097 63096 chg. Sales (millions) $1,037 $1,041 Net income In millions $101.2 $104 0 -3 Per share $1.27 $1.25 2 Walt Disney Co.

Dewie and Louie celebrate profit. Disney's Earnings At 18 Pet. Record Attendance oosts Theme Parks Compiled From News Services BURBANK, Calif. Record attendance at the Walt Disney World theme park and strong cable television and home video sales boosted Walt Disney third-quarter earnings 18 percent. Disney on Tuesday reported income of $473 million, or 69 cents per share, despite attempted boycotts by the Southern Baptists.

It earned $406 million, or 59 cents per share, a year ago. Revenue increased to $5.19 billion from $5.09 billion. In other earnings reported Tuesday: Merger partners Bell Atlantic Corp. and Nynex Corp. separately reported higher second-quarter profits.

Bell Atlantic said its profit rose 7.6 percent to $498.9 million, or $1.14 per share, from $463.7 million, or $1.05 per share. Nynex's rose 6 percent to $380.5 million, or 86 cents per share, from $358 million, or 82 cents per share. Caterpillar profits rose 16 percent in the second quarter. Net income for the three months ended June 30 rose to $435 million, or $1.15 a share, from $374 million, or 97 cents a share, a year earlier. CSX Corp.

said its earnings fell 3 percent in the second quarter. Profit fell to $227 million, or $1.04 a share, in the three months ended June 27 from $234 million, or $1.11 a share, in the comparable 1996 period. UE Profit Up 8.9 For 2nd Quarter Union Electric Co. reported Tuesday that its second-quarter profit rose 8.9 percent to $69.6 million, or 66 cents a share. For the first half of this year, the utility's profit fell 2.6 percent to $101.2 million.

UE's stock rose 50 cents Tuesday close at $37.38. UK's profits were affected by an $8 million credit to its Missouri electric customers as part of a three-year experimental alternative rate plan. The plan calls for customers to get a refund when earnings exceed the 12.61 percent return-on-equity threshold in an agreement between the utility and the Missouri Public Service Commission. For the first six months of 1997, the program has resulted in credits to customers of $20 million, which reduced earnings 11 cents a share. Cool weather this spring and early summer held down kilowatt-hour sales, which increased 5 percent in the second quarter.

But UE benefited from a 5 percent decline in fuel costs. Union Electric, with 1.3 million customers in Missouri and Illinois, is 'expected to merge with CIPSCO Inc. Springfield, 111., before the end of ,1997. The merger has been delayed because the appropriate federal agencies have not signed off on it, spokeswoman Susan Gallagher said Tuesday. As part of the merger agreement, UE will extend its rate-refund program.

Brooks' Revenue Up 230 Brooks Fiber Properties rev-enue shot up 230 percent to $27.8 million in the second quarter, reflect- For the complete text of earnings reports released by the companies, call PostFax at (314) 865-8585 and request document: 11 35 for Citation 1136 for Monsanto 1140 for A.P.Green A.P. Green Profit Down Profit dropped about 6 percent in the second quarter at A.P. Green Industries a global minerals company based in Mexico, Mo. Profit totaled $2.7 million in the quarter ended June 30, compared to $2.8 million in the same period a year ago. Sales, however, rose to $72 million from $69 million.

Paul Hummer, chairman, noted that last year's results were records. The second-quarter numbers were an improvement over this year's first quarter, he said. G0TB N.M. Not meaningful. CITATION COMPUTER SYSTEMS INC.

Exchange: NASDSymbol: CITA 3 mos. to 3 mos. to Pet 83097 63096 chg. Revenue (millions) $4.28 $6.66 -36 Net income $0.65 N.M. Per share $0.16 N.M.

N.M. Not meaningful. ing growth in the number of markets it serves as well as growth in markets where it has been operating for a year or more. The company's net loss rose to $37 million, including a los of $2.9 million on the early repayment of debt. Brooks is operating or building alternative telephone networks in 44 U.S.

cities. James C. Allen, Brooks' chief executive, said revenue was up in all major divisions. Brooks said its losses apparently peaked in the quarter. Brooks expects to approach the break-even point (before interest, taxes and depreciation) by the middle of next year, Allen said.

Citation Loses $153,000 Citation Computer Systems Inc. announced Tuesday that it lost $153,000 in the quarter that ended June 30. That compared with a profit of $650,000 a year earlier. Revenue fell to $4.3 million from $6.7 million. Citation sold its British operations, and several orders that had been expected to close in the quarter were delayed, the company said.

It blamed a decline in systems-service revenue partly on consolidation within the medical industry, where the company gets most of its customers. In addition, Roberts may air programs of its choosing between 6 a.m. and 10 a.m. Sundays. Those hours and the five-minute hourly periods are part of the affiliation agreement between Roberts and Home Shopping, Dierker said.

The judge also ordered Roberts to pay the costs of the suit. Roberts had contended that federal law gave the station the right to refuse programming it considered unsuitable or not in the public interest. It began pre-empting Home Shopping programming last year. WHSL has carried the network's programming since the station went on the air in 1989. "Compare UsTo Your Broker.

2U0 500 1000 Roberts Broadcasting Loses Suit Against Home Shopping OrrHtiaiiiSEijiiifejli ion tmm 1 Scrooge McDuck and Hughie, Goodyear Tire Rubber Co. profits rose 2.3 percent in the second quarter despite a strike. For the quarter ended June 30, the company earned $192.2 million, or $1.23 per share, up from $187.9 million, or $1.22 per share, a year earlier. Mattel the world's largest toy maker, said second-quarter earnings jumped 19 percent. The company earned $75.6 million, or 25 cents a share, compared with $63.4 million, or 21 cents a share, a year earlier.

Northwest Airlines profits fell 33 percent on higher labor and maintenance costs and currency losses. Net income was $136.2 million, or $1.26 a share, down nearly a third from $202.8 million, or $1.90, a year ago. Improvements at its snack foods and restaurant businesses helped PepsiCo Inc. post a 13 percent rise in profits in the second quarter despite a sluggish performance by its domestic soft drinks. Earnings were 1 ir: Now At Your Authorized Lincoln Dealer.

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Louis, M0 (314)752-3300 0l i A' 1 $656 million, or 42 cents a share, in the three months ended June 14, compared with $583 million, or 36 cents a share, a year earlier. Philip Morris Cos. and RJR Nabisco Holdings Corp. said second-quarter profits surged on strong international sales as the industry nears a $368.5 billion legal agreement that is expected to weaken U.S. sales.

Philip Morris said net income rose 13 percent to $1.84 billion, or 76 cents a share. RJR's profit from operations rose 1 1 percent to $242 million, or 71 cents. Rockwell International fiscal third-quarter profit rose 2.7 percent to $150 million, or 71 cents a share, from $146 million, or 67 cents, in the year-ago quarter. UAL the parent of United Airlines, said its profit rose 12 percent. Second-quarter net income rose to $376 million, or $2.82 a fully distributed share, from $337 million, or $2.52, a year earlier.

title and license fee. For $5,000 By Tim Bryant 01 the Post-Dispatch Staff A St. Louis judge's order Tuesday requires with a few exceptions Roberts Broadcasting Co. to air Home Shopping Network programs on its station here. Roberts operates WHSL, Channel 46.

It must broadcast Home Shopping Network programming until March 31, 2003, Presiding St. Louis Circuit Judge Robert H. Dierker Jr. i said in his order. The order is in a suit Home Shop-, ping Club Inc.

filed against Roberts 1 Broadcasting, owned by brothers Mike and Steve Roberts. Home Shopping complained that Roberts had violated an affiliation agreement by pre-empting Home Shopping pro- gramming with more profitable "in-1 fomercials" from other sources. The agreement expires in 2003. Dierker's order gives Roberts some exceptions in broadcasting Home Shopping programming. They "Paid political announcements; Programs originating in St.

Louis, St. Louis County or East St. Louis; Religious, cultural, political or current events programs; Five minutes of programming of its choosing per hour. Garnahan Says Trip A Business Success A Southeast Asian trade mission by Gov. Mel Carnahan and representatives of 30 Missouri firms has netted millions in new foreign contracts.

"We have secured about $230 million in business deals for Missouri businesses," said Carnahan in a A I phone interview from his last stop in ji Singapore. The 16 day trip was to the Philippines, Thailand, Malaysia and Singapore. ,.4 Carnahan acknowledged that many juf the deals have not yet been inked. $50 S25 $30 'Scottsdale $40 $55 $80 Schwab IIP 118 166 Quick Reilly 84 90 128 Fidelity 109 118 165 Olde 60 100 125 Waterhouse 53 70 138 Merrill Lynch 201 265 483y 5,000 Cash Back 1APR Financing" or Lamnusnoni ihmrn are far verbal orders and are run dependent an at count size or artmty $JI 50 Minimum. Service! may vary by firm.

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