BUSINESSWEEK ONLINE : MAY 17, 1999 ISSUE
CORPORATE SCOREBOARD

The Quarter's Winners and Losers


INDUSTRIES

LEADERS                                  LAGGARDS
(PERCENTAGE CHANGE FROM                  (PERCENTAGE CHANGE FROM
 1998'S FIRST QUARTER)                    1998'S FIRST QUARTER)

AEROSPACE & DEFENSE        95%           ENTERTAINMENT             -86%
TELECOMMUNICATIONS         86            NONFERROUS METALS         -86
SEMICONDUCTORS             63            STEEL                     -82
APPAREL                    54            CARS & TRUCKS             -79
COMPUTERS & PERIPHERALS    54            TIRE & RUBBER             -76
POLLUTION CONTROL          46            PETROLEUM SERVICES        -68
CONSTRUCTION/REAL ESTATE   45            CONSTRUCTION & ENG.       -61
RAILROADS                  40            PAPER CONTAINERS          -61
TRANSPORTATION SERVICES    37            COAL, OIL, & GAS          -44
TOBACCO                    34            SPECIAL MACHINERY         -31
COMPUTER SOFTWARE          32            FOOD RETAILING            -29
BANKS-EAST                 32            AIRLINES                  -28
TELEPHONE COMPANIES        28            GENERAL MANUFACTURING     -18
BANKS-MIDWEST              28            CHEMICALS                 -14
AUTO PARTS                 26            GLASS CONTAINERS          -11

ALL-INDUSTRY AVERAGE: -5%

COMPANIES

WHO MADE THE MOST                         WHO LOST THE MOST
(in millions of dollars)                  (in millions of dollars)

CITIGROUP            $2,489               SPRINT PCS GROUP            -$605
GENERAL ELECTRIC      2,155               NEXTEL COMMUNICATIONS        -439
INTEL                 1,999               METRO-GOLDWYN-MAYER          -307
FORD MOTOR            1,979               SONAT                        -212
MICROSOFT*            1,917               RELIANT ENERGY               -210
BANK OF AMERICA       1,914               PEOPLESOFT                   -171
GENERAL MOTORS        1,820               TENNECO                      -150
PHILIP MORRIS         1,787               INACOM                       -148
WAL-MART STORES**     1,559               ADVANCED MICRO DEVICES       -128
IBM                   1,470               DOMINION RESOURCES           -116
MERCK                 1,300               WESTERN DIGITAL*             -114
AIG                   1,199               MEDIAONE GROUP               -111
CHASE MANHATTAN       1,173               BRADLEES**                    -99
BANK ONE              1,151               PENN TRAFFIC**                -94
BELL ATLANTIC         1,142               SMURFIT-STONE CONTAINER       -92


* FISCAL THIRD QUARTER   ** FISCAL FOURTH QUARTER

DATA: STANDARD & POOR'S COMPUSTAT, A DIVISION OF THE MCGRAW-HILL COMPANIES


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Corporate America's Profit Surprise

TABLE: The Quarter's Winners and Losers

CHART: A Spotlight on First-Quarter Profits

As If Labor Costs Weren't Worrisome Enough...

CHART: An End to Cheaper Commodities?

TABLE: First-Quarter 1999 Corporate Profits (.pdf)



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