equity earnings

Private equity earnings, however, fell to $103 million, down over 76 percent from the period last year.

The company also said increased equity earnings at its newsprint and mill affiliates helped to raise profits.

Thomson then adds up these forecasts to build a so-called bottoms-up estimate of equity earnings.

Enfield contributed $1.3 million in equity earnings in the latest quarter.

When for example the equity earnings yield is above the government bond yield, investors should shift funds from bonds into equity.

There has been a reasonably stable relationship between equity earnings yields and real bond yields in the UK for much of the 1980's.

During 1988, the company's investment in El Paso contributed $7.5 million in equity earnings to continuing operations.

It also cited a $2.4 million decline in equity earnings of joint ventures and an $800,000 decrease in commercial land sales earnings.

The latest quarter net does not include the company's equity earnings in Paul Harris Stores Inc. which has not released earnings for the current period.

Equity earnings in Zale Corp. were $9,349,000, or 91 cents a share, for latest period, compared with a loss of $817,000 for prior year.

Dow Jones said it benefited from equity earnings from investments in affiliated companies that more than doubled during the quarter and from a decline in the Federal tax rate.

The benefit of this gain was more than offset by the reduced equity earnings from Southland and Canadian Occidental Petroleum Ltd., and by reduced interest income.

The company attributed its higher earnings to a lower Federal income tax rate and "significant increases in equity earnings" from Telerate Inc., a financial information service in which Dow Jones acquired a controlling interest in September.

Corning said it expected third-quarter earnings per share to be about 30 percent lower than last year's 51 cents a share, before special charges and excluding equity earnings from the Dow Corning Corporation, its joint venture with the Dow Chemical Company.

For the latest quarter net from continuing operations includes a $3.4 million gain from the sale of real estate parcels for the Philadelphia Convention Center and a $2.1 million gain from equity earnings in the Reading's limited partnership interest in El Paso Refining Co.