OTHER NEWS - Sept. 20, 1993
From Times Staff and Wire Reports
Westinghouse Sees Lower 3rd Quarter: The company, in the midst of a restructuring, warned Wall Street that its quarterly income will be only half of what it was a year ago. While finance has been a problem in the past, the current woes stem from a downturn in the hazardous-waste business. Pittsburgh, Pa.-based Westinghouse Electric Corp.’s third-quarter income from continuing operations was 22 cents a share last year. Operating results for the year will be below expectations and about 10% to 20% lower than in 1992, the company said, but it expects a strong fourth quarter.
