Litton Industries Inc has turned in third quarter net profits down 53.9% at $22.8m, after losses of $7.5m on discontinued operations for the quarter, and $173.1m for the three, against profits of $25.5m for the quarter and $60.0m for the nine months last time, on sales up 6.1% at $957.1m; nine month net loss was […]
Litton Industries Inc has turned in third quarter net profits down 53.9% at $22.8m, after losses of $7.5m on discontinued operations for the quarter, and $173.1m for the three, against profits of $25.5m for the quarter and $60.0m for the nine months last time, on sales up 6.1% at $957.1m; nine month net loss was $93.5m, against a profit, which included a charge of $106.7m from the cumulative effect of an accounting change, of $19.5m last time, on sales up 2.3% at $2,602.1m. Net earnings per share fell 60.7% to $0.48 in the quarter. Comparisons are made against restated figures.
