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Technology / AI and automation

COMPANY RESULT: NYNEX CORP

Nynex Corp has reported third quarter net profits up 15.0% at $394.5m on revenue up 5.3% at $3.424m; nine month net profits rose to $1,097m, which includes 1996 $45.8m gain from sale of interest and 1995 extraordinary $2.92bn accounting charge from losses of $2.09bn before on revenue up 0.2% at $10.12bn. Net per share rose 12.5% to $0.90 in the quarter, up 13.3% to $2.22 in the three quarters.

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CBR Staff Writer

CBR Online legacy content.