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Earnings

November 05, 1986

Greyhound Corp. of Phoenix, Ariz., posted a small increase in net income for the third quarter, compared to same period in 1985. Consolidated revenue also edged up in the period. The firm said that the decline in 1986 third-quarter income, before an unusual item, was due primarily to the fact that 1985 results included $10 million more in net gains on disposition of Greyhound Lines property than occurred in 1986, when no major sales were closed. In addition, continuing unfavorable underwriting results at Verex, a decline in consumer-products results for the period and increased insurance costs across all companies were major elements in the decline.

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