Tenneco’s third-quarter net income totaled $7 million...

Tenneco’s third-quarter net income totaled $7 million in contrast with a loss of $117 million in the 1987 quarter. Income from continuing operations for the Houston-based firm, excluding Tenneco Oil Co.--which is being sold--totaled $49 million, contrasted with a loss of $16 million a year ago. The results include an after-tax loss of $42 million from discontinued operations of Tenneco Oil Co. Operating revenue, excluding Tenneco Oil Co. and Tenneco West, was $3 billion, up 7%.