OTHER NEWS - June 2, 1994
From Times Staff and Wire Reports
Litton Reports Earnings Down 54%: Litton Industries Inc. said its third-quarter earnings fell as a result of losses from operations spun off into a separate company. The Beverly Hills-based company reported net earnings of $22.8 million, or 48 cents per share, for the quarter ended April 30, down from $49.5 million, or $1.22 per share, a year earlier. Revenue came to $957.1 million, up from $902.4 million a year ago. Earnings from continuing operations improved to $30.3 million, or 64 cents a share, from $24 million, or 59 cents, the company said.
