EARNINGS: Measuring the Boom

The first earnings reports of TV-makers came out last week, and showed that the 1950 boom had indeed been big. Radio Corp. of America grossed $586,393,000 on all its products, and had a net profit of $46,250,000—84% above last year. Net earnings were an alltime high of $3.10 a share, v. $1.58 in 1949. On percentage, Admiral Corp. did even better. Earnings hit a record $18,767,554, or $9.73 a share, v. $4.26 in 1949.

Other 1950 reports:

¶General Motors Corp.'s net earnings during 1950 were $834 million, 27% more than last year and the highest profit ever reported by any corporation...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!