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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Jul 26, 1973
Page
25
Fragmented OCR text from a New York Stock Exchange transactions page includes scattered company names, prices, and market terms. The readable bits suggest trading activity, notable quotes, and references to financial entities, but the overall content is garbled and lacks coherent events or outcomes.
Atlantic Richfield Co earnings jumped 50 percent in the second quarter, rising from 46.7 million to 68.4 million as fuel shortages and higher gasoline costs affected results. For the first six months, net income was 118.7 million, up from 78.7 million a year earlier.
The report cites per share figures of 1.20 in Q2 up from 0.08 a year earlier. Six months ended June show earnings of 2.47 per share, with sales around 1.07 million versus 940 million previously. Overall six month sales reach 4.07 billion compared with 1.89 billion prior period.
New York markets closed mixed after a seesaw session as profit takers pared gains. The Dow Jones average slid early, then finished up around 34.93. Advancers led decliners 27 to 16 at midafternoon as earnings and dividends buoyed sentiment. Analysts cited positive earnings but noted potential upcoming economic risks and cautious buyers on the sidelines.
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