Earnings reports

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Interpublic Group of Cos., New York, reported net income for the third quarter of $22.2 million, up 27.4% over the third quarter of 1994. Gross income for the quarter increased 11.8% to $492 million. Net income for the first nine months, excluding the effect of an accounting change, was $101.1 million, an increase of 19.7%. Gross income for the nine-month period was $1.5 billion, an 11.1% increase.

The Washington Post Co. reported net income of $41.8 million for the third quarter of 1995, 11.9% below the third quarter of 1994. Results include a one-time after-tax charge of $5.6 million relating to a write-off of the company's investment in Mammoth Micro Productions. Excluding one-time items, net income rose 21.3% in the third quarter. Revenue for the quarter was $417.9 million, up 4.5%.

BellSouth reported net income of $558.5 million for the third quarter of 1995, the highest quarterly profit in the company's history. Excluding special items, net income was up 4.3 percent. Earnings per share, adjusted for a recent 2-for-1 stock split, were 56 cents, compared with 50 cents in the third quarter of 1994.

Advertising revenues for Times Mirror's Newspaper Publishing Group for the four weeks ended Sept. 24 decreased 1.2% from the prior year to $118.5 million. For the 39 weeks from Jan. 1, total advertising revenues rose 0.3% to $1.12 billion.

UAL Corp., Chicago, holding company for United Airlines, reported a company record operating income of $467 million for the quarter ended Sept. 30. Third quarter net income was $334 million, up 43% percent from a year ago. Operating profit for the quarter improved by 35% to $606 million.

Copyright October 1995 Crain Communications Inc.

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