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May 1, 1997updated 05 Sep 2016 12:31pm


By CBR Staff Writer

Wang Laboratories Inc reported third-quarter net income of $79.4m, or $1.81 per share, on revenue up 27% at $315.1m, compared to net income of $5m last time. Results for the quarter include a pre-tax gain of $187.9m from the sale of its software business to Eastman Kodak Co (CI No 3,089). For the year-to-date, net income was $57.5m, or $1.23 per share, on revenue up 22% at $930.2m, compared to a loss of $8.8m last year.

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