P.M. BRIEFING : Reynolds’ Earnings Drop 32%
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<i> From Times Wire Services </i>
RICHMOND, Va. — Reynolds Metals Co. today reported a 32% drop in its second-quarter earnings as revenue sank 8%.
The Richmond-based manufacturer said it earned $103 million, or $1.75 a share, in the three months ended June 30, down from $150.7 million, or $2.55 a share, a year earlier.
