J. P. Stevens & Co. reported that...

J. P. Stevens & Co. reported that net income for its fiscal first quarter ended Feb. 1 declined 15% from a year earlier. Included in the previous year’s net income was a non-recurring capital gain of $16.4 million from the sale of Foote & Davies Inc., income from discontinued operations of $2.4 million, a charge to earnings of $4.7 million for costs of restructuring certain operations and an operating loss of $2.11 million.