GEICO Corp.Third-quarter revenues were higher at this...

BY THE NUMBERS

November 07, 1992

GEICO Corp.

Third-quarter revenues were higher at this Chevy Chase-based property and casualty insurer, but earnings fell more than 25 percent to $42 million, or 58 cents a share, in the third quarter. The company said claims from Hurricane Andrew trimmed $46 million, or 64 cents a share, from its earnings.

Total losses from Andrew were $135 million, according to Chairman William B. Snyder.

Those losses were offset partially by $19.5 million in income from the sale of investments, about twice the amount of the 1991 third quarter, he said.

Net income rose by 2 percent in the first nine months of the year, but income from operations fell almost 27 percent.

Despite the lower-than-expected results, GEICO's stock rose $87.5 cents a share, to close at $57.50 in light trading on the New York StockExchange.

Three months ended 9/30/92

.. .. .. .. .. Revenue . .. .. Net. .. .. .. .. .. .. .. .. Share

'92 .. .. .. 613,700,000 .. ..41,600,000 ... .. .. .. .. . 0.58

'91 .. .. .. 557,700,000 .. . 55,700,000 .. .. .. .. .. ..0.77

% change .. .. .. . +10.0 .. .. .. ..-25.3 .. .. .. .. .. ..-24.7

Nine months ended 9/30/92

.. .. .. .. .. Revenue .. .. .. Net .. .. .. .. .. .. .. .. Share

'92 .. .. .. 1,809,400,000 .. 150,600,000 .. .. .. ... .. 2.08

'91 .. .. .. 1,581,100,000 ... 147,400,000 .. .. .. ... .. 2.02

% change .. .. .. ... +14.6 .. .. .. . +2.2 .. .. .. .. ... . +3.0

PharmaKinetics Laboratories Inc.

This Baltimore-based company reported earnings for its first fiscal quarter ended Sept. 30 of $65,935, or 1 cent a share, compared with a loss of $520,264 for the same period a year ago.

The company said its revenues decreased 45 percent as a result of the sale of its German subsidiary in March.

However, the company said, when compared to domestic revenues of $1.4 million a year ago, this quarter's revenues had improved.

Three months ended 9/30/92

.. .. .. .. .. Revenue .. .. .. Net .. .. .. .. .. .. .. ... Share

'92 .. .. ...1,903,211 .. ... 65,935 .. .. .. .. .. .. ... 0.01

'91 .. .. ...3,485,482 .. ...(520,264) .. .. .. .. .. .. .(.05)

% change .. .. ... 45.4 .. .. .. .. . -- .. .. .. .. .. .. . .. --

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