Westinghouse Electric Corp.: The Pittsburgh-based diversified company...

Westinghouse Electric Corp.: The Pittsburgh-based diversified company said third-quarter profit increased 7% to $234.4 million from restated profit of $219.3 million. Revenue rose 2% to $3.128 billion. Net income for the 1988 period was restated upward to reflect a lower tax provision and revenue for the 1988 period was adjusted for divestitures. Income included a gain on the sale of the company’s Canadian transmission and distribution business. The prior-year quarter included a gain from the sale of the fixed asset lending business of Financial Services.