Morris Plains, N.J.-based Warner-Lambert Co. reported a...

Morris Plains, N.J.-based Warner-Lambert Co. reported a profit for the year and fourth quarter in 1986, compared to losses in the same period a year ago. Revenue was down for the year, but rose for the quarter ended Dec. 31. The increase in earnings was attributed to an increase in earnings before non-recurring items and primarily to a further reduction in the cost-of-goods ratio, a spokesman said.