PIONEER HI-BRED REPEATS FIRST-QUARTER LOSSPioneer Hi-Bred International Inc. (NASDAQ:PHYB) of DesMoines, Iowa, which posted a $37.5 million first-quarter loss,said it typically records a first-quarter loss because of theseasonality of the seed business.

First quarter ended Nov. 30

(Figures in thousands except per-share data.)

1990 1989 Percent change

Revenues 48,144 44,668 +8Net income (loss) (37,540) (31,783) -18Net income per share (loss) (1.23) (1.02) -21Outstanding shares 30,564 31,274 -2

ABBOTT LABS MAKES GAIN IN EARNINGS

Abbott Laboratories Inc. (NYSE:ABT) of Abbott Park, Ill., saidincreased profits for the fourth quarter and year ended Dec. 31,resulted from increased sales from each of its major businesssegments, significant new product introductions andproductivity improvements.

Fourth quarter ended Dec. 31

(Figures in thousands except per-share data.)

1990 1989 Percent change

Revenues 1,710,070 1,455,424 +17Net income 279,752 253,037 +11Net income per share .65 .57 +14Outstanding shares 429,315 443,784 -3

Year ended Dec. 31

(Figures in thousands except per-share data.)

1990 1989 Percent changeRevenues 6,158,682 5,379,751 +14Net income 965,774 859,832 +12Net income per share 2.22 1.93 +15Outstanding shares 435,049 446,644 -3

(c) 1997 American Health Consultants. All rights reserved.

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