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Lockheed Martin Corp.'s earnings continue to feel the effect of recent divestitures, dropping slightly overall for the second quarter but rising on a per-share basis, the company said yesterday.Net earnings for the big Bethesda-based defense company totaled $289 million for the period that ended June 30, down 6 percent from $308 million in the second quarter of last year.The 1998 figure translated to $1.52 per fully diluted share, which was higher than the $1.42 per share in the second quarter of 1997 because the company has fewer shares outstanding.

Jos. A. Bank Clothiers Inc. expects first quarter earnings of 27 cents to 30 cents per diluted share, down from 53 cents per share in the first quarter of 2012, the Hampstead-based retailer said Monday. Sales for the quarter that ended May 4 dipped 3 percent, with unseasonably cool weather hurting spring business, the company said. The men's apparel seller was able to control expenses and improve advertising efficiency but had higher inventory sourcing costs during the quarter, the company said.

ST. PAUL, Minn. - 3M Co., the maker of Scotch tape and other products, saw its shares rise to an all-time high yesterday after its board declared a 2-for-1 stock split, its first in nine years. The split will be in the form of a stock dividend to be distributed Sept. 29 to shareholders Sept. 22, the company said. It also declared a pre-split quarterly dividend of 66 cents a share, payable Sept. 12, to shareholders on Aug. 22. W. James McNerney Jr., 3M's chief executive since January 2001, has reduced costs by cutting 8,500 jobs and closing 11 plants, and has introduced new products to boost sales and earnings.

Hunt Valley-based Sinclair Broadcast Group Inc. said Thursday it has closed on the planned purchase of four television stations owned by Cox Media Group for $99 million in cash. The broadcaster also priced its previously announced offering of Class A stock at $27.25 per share and said it is offering 18 million shares. The offering, to raise money for pending and future potential acquisitions, is expected to close May 7. The Cox deal is one of three acquisitions the television station owner and operator announced in the past two months.

Trak Auto Corp. *Ticker.. .. .. .. .. .. ... .. .. .. Yesterday's Symbol.. .. .. .. ... .... .. .. .. Cls.. .. .. ..Chg.TRKA .. .. .. .. .. .. .. .. .. .. ..12 5/8 . .. .. .. .- 7/8Period endedMay 1 .. .. .. .. 1st qtr.. .. .. .. ..Year ago.. .. .. .. ... .. Chg.Revenue .. .. .. $77,883 .. .. .. .. ..$77,836 .. .. .. .. .. ...0.0%Net Income .. .. .. .$92 .. .. .. .. ..$1,573**. .. .. .. .. .. -94.2%Primary EPS .. .. .$0.01.. .. .. .. .. $0.54*. .. .. .. .. .. ..-98.1%Figures in thousands (except per-share data.

This Rockville-based maker of communications equipment and food-testing devices returned to profitability in its first quarter of fiscal 1992 after a losing fourth quarter. Revenues and earnings were higher than during the same period a year ago, but per-share earnings declined because the company now has about 27 percent more shares.GKI President Richard A. Thompson said that the higher number of shares was due to the company's acquisition of CRYPTEK, a partly owned subsidiary of GKI that became wholly owned last year.

LOCALLY Jos. A. Bank Clothiers Inc. Shares of the Hampstead-based men's clothier surged 4.4 percent yesterday, closing up $1.19 to $28, after the company reported a 25.3 percent increase in total sales, to $21.8 million, for August, and a 35.1 percent increase in combined catalog and Internet sales for the month. NATIONALLY CoolBrands International Inc. The frozen-dessert maker locked in a licensing dispute with Weight Watchers International Inc. said yesterday that its fiscal 2004 per-share profit rose 64 percent, short of analysts' forecasts.

Despite sharply higher revenues, Integrated Health Services yesterday reported flat first-quarter earnings.The Owings Mills-based company said earnings were $13.8 million, or 61 cents per share, compared with $14.1 million, or 60 cents a share, in the corresponding period a year ago when there were more shares outstanding.IHS reported that revenues grew 19 percent, to $327.6 million, from $275 million in the comparable period last year.Marc B. Levin, executive vice president, said earnings were down because of the cancellation of one major contract and because "we expanded some business lines with a lower margin initially."

Constellation Energy Group Inc. said yesterday that it posted a 76 percent increase in its earnings for the fourth quarter last year, mostly because of the transition to electric deregulation in Maryland. In the three months that ended Dec. 31, earnings from operations for the parent of the Baltimore Gas and Electric Co. were $86.1 million, or 51 cents a share, compared with $49 million, or 33 cents a share in the fourth quarter of 1999. Revenue in the quarter rose 11 percent, to $1 billion.

Consumers may forgo buying houses, cars, clothes and luxuries, but one thing is certain as the nation slips into recession and war threatens, they still have to eat.And that is the main reason why business at McCormick & Co. Inc. is better than ever, according to James J. Harrison Jr., chief financial officer of the Hunt Valley spice and seasonings maker."

Micros Systems Inc., a maker of software for the hospitality and retail industries, reported third-quarter net income of $44.3 million Thursday, a 2.4 percent increase compared with the same period in 2013 and a record for a third quarter. The Columbia-based company said it also set third-quarter records for earnings per share and sales. Diluted earnings per share rose 3.8 percent to 55 cents per share, the company said. Sales grew 13.3 percent to $315.1 million for the quarter that ended March 31. "We continue to execute in a difficult environment and I am confident in our ability to meet not just the challenges but the opportunities which lie ahead," Micros CEO Peter A. Altabef said in a statement.

Legg Mason Inc. on Tuesday announced a quarterly divided of 13 cents per share, an 18 percent increase. The Baltimore-based money manager said the dividend will be paid on July 8 for those who are shareholders as of June 11. Text BUSINESS to 70701 to get Baltimore Sun Business text alerts

KEYW Holding Corp., a Hanover cybersecurity company, said Wednesday that it had $1 million in profit last year, nearly double its profit of $535,000 in 2011. The company reported $243.5 million in revenue last year, up 28 percent from $190.6 million the previous year. Earnings per share were 3 cents last year, up from 2 cents in 2011. The company said one-time expenses, including acquisition costs, reduced per-share earnings by 42 cents in 2012. KEYW, which specializes in intelligence and defense work, said it employed 1,104 people at the end of December.

The company that helps TV networks determine what shows get canceled or live for another season is buying the Columbia-based company that helps radio stations decide whether to change formats. Nielsen Holdings of TV ratings fame announced Tuesday that it agreed to pay $1.26 billion in cash for Arbitron Inc., the company that measures radio audiences. The deal brings together the largest audience research firms for two of the largest entertainment media. It gives Nielsen entry to the radio market and allows Arbitron, which largely operates in North America, to piggyback on Nielsen's global reach.

Baltimore-based T. Rowe Price announced Thursday it will pay a special cash dividend before the end of the year, joining other companies that are declaring extra dividends in case taxes go up in 2013. Price will pay $1 per share on Dec. 28th to shareholders of record as Dec. 17 t h for a total payout of about $255 million. The Bush-era tax cuts are expected to expire at the end of the year. If the White House and Congress can't work out a compromise, dividend income will once more be taxed at ordinary income tax rates, which could be as high as 39.6 percent.

Marylanders interested in owning thoroughbred horses can purchase shares in six racing investment companies founded by Frank Stronach, the owner of Laurel Park and Pimlico Race Course . The stock offering began earlier this month, allowing investors in several states — including Maryland, California and New York — to own a piece of a thoroughbred for $10 a share. Each company plans to raise revenue by racing its horses until November 2013 and then by selling them. After the sale, the net proceeds would be distributed to shareholders, though the prospectus warns potential investors that owning racehorses involves a "high degree of risk.

FCNB Corp.This Frederick-based bank holding company reported an 8.2 percent increase in earnings and a 7.1 percent rise in per-share earnings for the second quarter, largely because of a rise in net interest margin.The company, which owns the 11-branch Frederick County National Bank, also reported its assets rose by about 11 percent, almost $350 million at the end of June, primarily because of the acquisition of four new branches in the last year.Three months ended 6/30/92.. .. .. .. ..Income.

Celera Genomics Group, the company that sequenced the human genome, said yesterday that it has begun building an "industrial-scale" protein research facility inside its Rockville headquarters that will help it discover new drugs and tools for diagnosing disease. The company uncovered the order of the chemical bits that make up human chromosomes by using hundreds of DNA analyzers provided by sister company PE Biosystems. Now, Celera plans to use a similar strategy to discover unknown human proteins, the biological worker bees directed by genes.

Baltimore's Millennial Media Inc., one of the largest companies in the fast-growing mobile advertising industry, said it would launch its public offering on Thursday, with expectations of selling $132.6 million worth of shares on its first day on the New York Stock Exchange. The company, which competes against Google Inc., Apple Inc. and other smaller competitors that enable advertising on mobile phones, will sell 9.2 million shares at $13 each. Participating stockholders will sell an additional one million shares at the same price.