Carter-Wallace Reports Profit
ses of a year ago, the drug and consumer products manufacturer Carter-Wallace reported a small profit in the fiscal first quarter ended June 30, 1994.
Net income totaled $441,000. In 1993, Carter-Wallace recorded net losses of $40.8 million due to an accounting change. Revenues rose 13% to $183.3 million from $162.8 million last year.
This quarter included a one-time pretax charge of $17.5 million, or 25 cents a share, which was linke