COMPANY RESULTS

Nynex Corp has reported first quarter net up 40.0% at $290.6m, against a period that included a charge of $123.5m for the cumulative effect of an accounting change, on turnover that fell 1.4% to $3,273.3m. Net earnings per share, adjusted for a two-for-one split in September, rose 40% to $0.70.

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