Times Mirror Co. earned a net income of $ 47.9 million (37 cents a share), for the second quarter, ended June 27. That compares to a net profit of $ 44.1 million (34 cents) in the same quarter last year.
Revenues were up 2.2% to $ 902.9 million, from $ 883.4 million in the comparable period. Earnings reflect a $ 7.5 million (6 cents) in income from discontinued operations.
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Trimark Holdings Inc. expects to report sharply higher net income for the fourth quarter, ended June 30, according to chairman Mark Amin. Amin anticipates net income in the period of $ 900,000 to $ 1.2 million, or 21 cents to 27 cents a share, on revenues of $ 18 million to $ 19 million. A year ago, Trimark had net income of $ 166,000, or four cents a share, on revenues of $ 11.7 million. For the year, the company expects a net income of $ 2.8 million to $ 3.1 million , or 62 cents to 68 cents a share, on revenues of $ 55 million to $ 60 million. A year ago, Trimark had net income of $ 2.2 million on revenues of $ 54.4 million.