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STONE & WEBSTER REPORTS SECOND-QUARTER RESULTS; STRONG GAINS IN REVENUES AND OPERATING INCOME
- Article from:
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PR Newswire
- Article date:
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July 19, 1995
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Copyright informationCOPYRIGHT 1995 PR Newswire Association, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK, July 19 /PRNewswire/ -- Stone & Webster, Incorporated (NYSE: SW) today reported strong gains in revenues and operating income for the second quarter and first six months of 1995, with the company's principal business segment -- Engineering, Construction and Consulting -- showing the most improvement.
For the second quarter ended June 30, 1995, Stone & Webster reported net income of $7.9 million, or $.55 per share, compared to a net loss of $4.0 million, or $.27 per share, for the same period in 1994. Operating income was $11.9 million, compared to an operating loss of $4.9 million a year ago. Second quarter revenues increased 22 percent to $230.7 million.
Net ...