W. Bell & Co. Inc., the catalogue-showroom retailer of jewelry and gifts, reported a third-quarter loss yesterday of $106,000 (3 cents a share), compared with a profit of $123,000 (4 cents) during the same period a year ago.
Revenue for the Rockville-based company rose 10 percent to $28.4 million for the third quarter, compared with $25.8 million for the same period in fiscal 1984.
The company attributed its decrease in earnings primarily to higher advertising and catalogue costs.
For the first nine months, W. Bell said its net income rose slightly to $2.16 million (71 cents), compared with $2.13 million (79 cents) during the same period a year ago. Earnings were adjusted for 10 percent stock dividends paid in December 1984 and November 1983 and the issuance of 525,000 shares in October 1983. Sales rose 7 percent to $115.6 million, compared with $107.6 million in 1984.
W. Bell also announced yesterday that it plans to open two new showrooms, in Houston and Gaithersburg, Md., in the fall of 1985.
* BDM International Inc., a professional and technical services firm that does most of its work for the U.S. military, said that its first-quarter net income rose 22 percent to $2.1 million (42 cents a share), compared with $1.7 million (35 cents) earned in the first quarter of 1984. Revenue for the McLean-based company also was up by 22 percent to $50.7 million, compared with $41.6 million for the first quarter last year.
BDM President Earle C. Williams said that the company booked the largest amount of contract awards -- $170 million -- for any quarter in its history.
* Dart Group Corp., the Landover-based company that owns Crown Books and Trak Auto, reported that its net income for the fiscal year ended Jan. 31 jumped to $82.3 million ($45.15 a share), compared with $15.3 million ($8.80) during the same period in 1984. In fiscal 1985, the company had a gain on the sale of the Drug Store Division of approximately $75 million (about $41.14). Sales for the year climbed to $73.8 million, compared with $58.6 million during 1984.
On April 15, the company organized Dart Group Financial Corp., which initially will be engaged in buying, selling, trading and holding bankers' acceptances. Bankers' acceptances are short-term negotiable financial instruments used to finance international trade.
* Planning Research Corp., a diversified professional services company that does much of its business with the government, reported that earnings for its fiscal third quarter that ended March 31 declined 39 percent to $1.39 million (21 cents a share) from $2.3 million (33 cents) during the same period a year ago.
Revenue increased 18 percent to $93.9 million from $79.4 million a year earlier. Nine-month earnings for the McLean-based company dropped sharply to $3.67 million (56 cents) from $8.76 million ($1.23) during the same period in 1984. Revenue for the nine months rose to $253.8 million, up from $235.8 million a year earlier.
The McLean-based company partly attributed the drop in earnings for the third quarter and for the first nine months to an operating loss in its engineering division, caused in large part by an increase in insurance costs.
PRC Chairman John M. Toups said that third-quarter results included revenue of $6.6 million from two firms acquired during the quarter, Medic Computer Systems on Feb. 1 and Kentron International Inc. on March 8.
* United Financial Banking Companies Inc. of Vienna, Va., reported that its net income for the first quarter dropped to $122,609 (21 cents a share), compared with $173,040 (30 cents) earned in the same quarter in 1984.
The company said that declining interest rates reduced its income. "With a one-to-two ratio of noninterest-bearing liabilities to earning assets, a general decline in interest rates reduces loan yield and cost of deposits . . . ," said Ralph Jewell, the firm's president and chief executive officer.