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April 11, 1997updated 05 Sep 2016 1:06pm


By CBR Staff Writer

TRW Inc has reported first quarter that net profits were up 1.9% at $119.2m against a period that included a gain of $14.3m from discontinued operations, and an $11.8m credit from an insurance claim settlement offset by a $12.6m non-cash charge related to adoption of the FASB No 121 accounting standard, on revenue up 5.8% at $2.66bn. Net earnings per share rose 7% to $0.92 in the quarter.

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