FAIRCHILD INDUSTRIES INC <FEN> 4TH QTR LOSS
Oper shr loss 44 cts vs oper loss eight cts
    Oper net loss 3,158,000 vs profit 2,035,000
    Rev 166.0 mln vs 162.3 mln
    Year
    Oper shr loss 34 cts vs loss 93 cts
    Oper net profit 7,599,000 vs loss 283,000
    Rev 643.3 mln vs 576.3 mln
    NOTE: Per share results after provision for pfd dividends.
    Fourth qtr earnings exclude loss from discontinued
operations of 67.6 mln dlrs, or 4.72 dlrs a share, and a loss
of 25.8 mln dlrs, or 1.81 dlrs a share, from tax reverse,
versus a gain from discontinued operations of 1.8 mln dlrs, or
14 cts a share, in 1985's 4th qtr.
     1986 oper earnings excludes loss from discontinued
operations of 62.5 mln dlrs, or 4.41 dlrs a share, versus a
loss of 166.8 mln dlrs, or 12.24 dlrs a share, in 1985.
 Reuter
