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Westinghouse operating profit upWestinghouse Electric Corp. said...


Westinghouse operating profit up

Westinghouse Electric Corp. said yesterday that its profits fell 58 percent in the first quarter, but that was because earnings in the year-ago quarter included a $35 million one-time gain from the sale of assets.

Net income totaled $15 million, or 1 cent per share, down from $36 million, or 7 cents per share, in the same period of 1994.

But operating profit rose 34 percent, to $87 million, compared with $65 million a year ago.

Sales rose 16 percent, to $2.02 billion, from $1.74 billion. Orders for the quarter were up 17 percent from the first quarter of 1993.

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