Gulf & Western Industries said its fiscal...

Gulf & Western Industries said its fiscal first-quarter net income fell 26% on a 6% rise in revenue. However, the entertainment, publishing and information and financial services company said earnings from continuing operations jumped 40%. The company noted that the year-ago quarter included earnings from the company’s consumer and industrial products group, which was sold in September, 1985. Strong gains from financial services and publishing more than offset a decline in results from entertainment activities, the company said.