"But I had not anticipated this kind of a drop in earnings."

That would be the first quarterly drop in earnings since 1991.

It also reported a 9 percent drop in earnings and called them disappointing.

Last week, Ford also warned of a drop in earnings.

The drop in earnings came despite a 13 percent increase in sales.

And similar workers without high school diplomas suffered a drop in earnings of 14 percent.

American Express reported a 5.7 percent drop in earnings before an accounting change to cover income taxes.

Smucker also reported a 24 percent drop in earnings for the quarter.

Toyota, the largest and most efficient company, projected a significant drop in earnings for the current year.

That loss led the company to forecast an 80 percent drop in earnings at the division, compared with last year's first quarter.

It also reported a drop in earnings greater than Wall Street forecasts.

He praised the company's performance and its management, despite a 4 percent drop in earnings in the first half of the year.

It was the third consecutive quarter that the nation's largest retailer has reported a drop in earnings.

Analysts, who said that the drop in earnings was expected, predicted similar declines for the second quarter.

Wang Laboratories said it expected a drop in earnings and revenues for the third quarter.

First Chicago reported a sharp drop in earnings.

Sun Microsystems posted an 82 percent drop in earnings.

General Motors reported a sharp strike-induced drop in earnings that was smaller than expected.

Wall Street had expected the drop in earnings, as well as rising pension obligations.

The company said that the drop in earnings was a result of fears on the part of its customers about war and recession.

Mobil bucked the energy tide, reporting a 10 percent drop in earnings.

In the most recent fourth quarter, for instance, the company reported an 82 percent drop in earnings on flat revenue.

Even BP, the only major to report a drop in earnings for the quarter, still had net income of more than $5 billion.

The main reason for the drop in earnings is the Swiss franc's 15 percent rise against most currencies last year.

Sun Microsystems expects a significant drop in earnings in its current quarter, compared with the 1988 period.