Westinghouse Loss Greater Than Expected

Westinghouse Electric Corp. said its first-quarter loss widened more than expected as the poor performance of its CBS television unit offset strong results at its radio network. The company lost $151 million, or 23 cents a share, compared with a loss of $114 million, or 26 cents, before gains, charges and asset sales in the year-earlier period. The 1997 per-share results reflect a 46% increase in shares outstanding to 642 million. Westinghouse was expected to lose 10 cents a share, according to an estimate of analysts. . . . Kellogg Co. said first-quarter net income slid to $160.6 million, or 77 cents per share, compared with $206.1 million, or 99 cents, in the year-ago quarter. . . . Gateway 2000 reported first-quarter net income of $67.5 million, or 86 cents a share, from $50.5 million, or 65 cents, a year ago.