Teledyne reported that net income for the...

Teledyne reported that net income for the first quarter was down 48% from the like 1985 quarter. The Los Angeles company reported revenues for the latest quarter of $805.9 million, down slightly from $818.1 million in the 1985 period. Teledyne noted that underwriting results of its casualty insurance subsidiaries improved in the first quarter of 1986, compared to the first quarter of 1985.