Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: FRIDAY, November 17, 1995                   TAG: 9511170061
SECTION: BUSINESS                    PAGE: A-17   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Medium

REPORTED EARNINGS

Ericsson, Swedish manufacturer of communications equipment operating a factory in Lynchburg, reported income equal to $693 million, or 54 cents per share, on sales of $9.64 milion for the first nine months of this year compared to year earlier income equal to $503 million, or 37 cents, on sales of $7.87 million. Ericsson reported the results in Swedish krona with conversion to U.S. dollars based on currency exchange rates on Sept. 30.

Smithfield Foods

Smithfield Foods Inc., parent of Valleydale Foods Inc. of Salem, reported net income of $4.6 million, or 26 cents per share, on sales of $455.8 million for its second quarter ended Oct. 29 compared with year earlier $7.8 million, or 45 cents per share, on sales of $373.8 million. For the six months, net income was $221,000, equal to a loss of 1 cent per share, on sales of $823.1 million compared with year earlier income of $10.2 million, equal to a loss of 58 cents per share, on sales of $705.6 million.

TJX Cos.

TJX Cos., Framingham, Mass., parent of TJ Maxx stores, reported third-quarter net income of $33.9 million, or 44 cents per share, on sales of $1.01 billion compared with year earlier $34.6 million, or 44 cents per share, on sales of $924.6 million. For the nine months, net income was $51.1 million, or 63 cents per share, on sales of $2.69 billion compared with year earlier $73.9 million, or 93 cents per share, on sales of $2.46 billion.

Westmoreland Coal

Westmoreland Coal Co., Philadelphia-based producer and marketer of coal with operations in Western Virginia, reported a third quarter net loss of $82.9 million, equal to $12.10 per share, on revenues of $23.8 million compared with year earlier net loss of $1.9 million, equal to 28 cents per share, on sales revenues of $96.8 million. For the nine months, the net loss was $91.9 million, equal to $13.56 per share, on revenues of $112.7 million compared to year earlier net loss of $7.2 million, equal to $1.39 per share, on revenues of $304.7 million.

Westvaco

Westvaco Corp., a New York manufacturer of paper, packaging and chemicals with a bleached board division in Covington, reported net income of $280.8 million, or $2.78 per share, on sales of $3.27 billion for its fiscal year ended Oct. 31 compared with year earlier $103.6 million, or $1.03 per share, on sales of $2.61 billion. In its fourth quarter, net income was $88.9 million, or 88 cents per share, on sale sof $871.6 million compared with year earlier $51.3 million, or 51 cents per share, on sales of $762.5 million.