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Technology Stocks : Thiokol now Cordant Techologies (CDD)
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To: HairyWho? who wrote (18)2/3/1998 8:02:00 AM
From: Carmine Cammarosano  Read Replies (1) of 127
 
OGDEN, Utah -- Thiokol Corporation (NYSE:TKC) announced income of $23.5 million or $1.24 per share for the quarter ended December 31, 1997, before an extraordinary item, compared to $18.7 million or $1.00 per share for the prior year's quarter. Net income for the quarter ended December 31, 1997 was $16.4 million, or $.87 per share. The quarter included an extraordinary charge of $7.1 million, or $.37 per share, net of income taxes and minority interest. The charge was for Howmet debt restructuring to take advantage of favorable interest rates. Income before the extraordinary item increased 26 percent over the prior year.
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