Business: Profits: Reaching Higher

Corporate profits, following just about everything else (see above), are turning up—and in some cases turning up sharply. Among the standouts last week was P. Lorillard Co. (Kent, Newport, Old Gold). President Lewis Gruber, who took over two years ago and soon started sales soaring, reported third-quarter earnings of $7,478,350 v. $3,076,028 last year. For the first nine months of 1958, Lorillard earned $19,303,199 or $6.46 a share v. $1.82 for the comparable 1957 period.

Campbell Soup Co. stockholders also got good news. In the company year just ended, Campbell for the first time pushed sales over the half-billion mark, earned a...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

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