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ORANGE COUNTY EARNINGS

July 28, 1994

Nichols Institute: The San Juan Capistrano medical testing company lost $3.7 million, or 22 cents a share, for the second quarter. That contrasted with a profit of $2.2 million for the same period last year. The company said the 1994 results included expenditures related to its proposed merger with Corning Inc.

Revenue was up slightly to $71.4 million from $71.2 million. For the first half, the company lost $5.3 million, or 31 cents a share, contrasted with profit of $4.4 million, or 25 cents a share, for the same period a year earlier. Six-month revenue declined 1% to $141 million from $142.9 million.

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