TRW Inc. reported third-quarter earnings increased more...
From Times Staff and Wire reports
TRW Inc. reported third-quarter earnings increased more than 14%, in part because of new contracts in its defense and aerospace unit.
Earnings for the quarter totaled $93.6 million, or $1.39 a share, compared to $81.8 million, or $1.26 a share, in the same period a year ago. Sales rose 11%, to $2.40 billion, from $2.16 billion.
TRW said both sales and profit set records for the quarter.
Although profit rose, the results were below analysts’ expectations.
Cleveland-based TRW makes auto, defense and aerospace components and has a credit reporting company.
