Chase Manhattan Corp.'s earnings fell 14 percent in the third quarter from a year earlier as it increased its provision for possible loan losses by another $50 million.
In other earnings reports released yesterday:
TRW Inc., a diversified manufacturing and defense concern, said third-quarter profits climbed 33 percent from a year earlier on a 14 percent sales increase.
United Technologies Corp. said its profits and earnings for the third quarter and first nine months topped year-earlier levels.
American Express Co. said that third-quarter profits rose 2.8 percent from a year earlier as strong growth in charge card volume and a narrowing of losses in its communications division helped offset a 69 percent plunge in insurance earnings
At Chase Manhattan Corp., holding company for the nation's third-largest bank, profits for the third quarter fell to $93 million ($1.70 a share) from $108.2 million ($2.76) a year earlier.
The decline in earnings would have been larger except for an after-tax gain of about $20 million from the settlement of claims arising from the bank's losses in the 1982 collapse of Drysdale Government Securities Inc., Chase said.
In addition, the New York bank said that the acquisitions of Nederlandse Credietbank in the second quarter and of Lincoln First Banks Inc. on July 1 added approximately $9 million to third-quarter earnings this year.
It said it increased its provision for possible loan losses to $125 million from the $75 million reported in both the first and second quarters of 1984 "in recognition of continuing uncertain conditions in certain developing countries." The provision for possible loan losses was $70 million in the third quarter of 1983.
Nine-month earnings fell 10.6 percent from a year ago, to $285.7 million ($6.44) from $319.5 million ($8.18).
TRW Inc. said that its third-quarter net income rose to $78.4 million ($2.10 a share) from $58.8 million ($1.59) a year earlier as sales rose to $1.51 billion from $1.32 billion.
Nine-month earnings rose to $207.2 million ($5.55) from $152.6 million ($4.12) in the comparable 1983 period as sales gained 9 percent to $4.49 billion from $4.11 billion.
"We are very pleased with the results to date," Ruben F. Mettler, chairman and chief executive, said in a statement. "Through the first nine months, sales and operating profits are up substantially in all three of our segments: electronics and space systems, car and truck components , and industrial and energy."
United Technologies Corp. reported net income of $192.7 million ($1.48 a share) for the third quarter, a 59 percent increase over the $121 million (94 cents) earned in the same period a year ago. Included in the net income was a $46 million nonrecurring tax credit.
Sales for the third period totaled $3.8 billion, an increase of 10 percent over the $3.5 billion for the third quarter of 1983.
For the first nine months of the year, net income, including the $46 million nonrecurring tax credit, was $495.2 million ($3.77), compared with $371 million ($2.91) for the same 1983 period. Sales totaled $11.9 billion, compared with $10.7 billion.
Chief Executive Officer Harry J. Gray said the corporation's commercial and industrial businesses turned in strong performances during the quarter.
American Express Co., a travel, financial services, communications and insurance company, said that its third-quarter profits rose to $185 million from $180 million a year earlier, but per-share earnings fell to 85 cents from 88 cents, because the number of common shares outstanding increased.
Revenue rose to $3.3 billion in the latest quarter from $2.5 billion last year.
Nine-month profits fell to $440 million ($2.03 a share) from $537 million ($2.64) in 1983 as revenue rose to $9.4 billion from $7.2 billion.
James D. Robinson III, chairman and chief executive, said that American Express officials are "pleased with the progress our businesses are making" despite the slight increase in profits.
Citing growth in both travelers checks and credit cards, the company said profits for its travel-related services rose 28 percent to $118 million from $92 million a year earlier.
Insurance services income fell to $14 million in the third quarter from $46 million a year earlier. But the Fireman's Fund Insurance Cos. "made progress" in raising prices and reducing costs, American Express said. The division's third-quarter earnings were up 78 percent from last year, the company said.
American Express said results for Warner Amex Cable Communications improved from a year earlier, but did not give specific earnings figures.
The company said its international banking operations showed a slight drop in third-quarter profits from a year earlier, amid continuing difficulties with Third World debtors, particularly Argentina.
Earnings for the investment services division fell slightly.