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January 30, 1997updated 05 Sep 2016 12:36pm

COMPANY RESULT: GTE CORP

By CBR Staff Writer

GTE Corp has reported fourth quarter net profits of $784m against a loss last time of $3.96bn after a $4.68bn charge for an accounting change, on revenue up 7.2% at $5.75bn; net profit for the year to December 31 was $2.8bn against a loss last time of $2.14bn, on revenue up 6.9% at $21.34bn. Net per share were $0.82 in the quarter, $2.89 in the year.

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