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TRW revises 1Q results
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May 14, 1999: 10:42 a.m. ET
Automotive parts maker reports a loss after $85.3M LucasVarity charge
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NEW YORK (CNNfn) - TRW Inc. Friday revised its first-quarter results to account for an $85.4 million charge related to its acquisition of LucasVarity Plc, turning a profit for the period into a loss.
Including the LucasVarity-related charge, TRW now shows a first-quarter loss of $28.4 million, or 24 cents a diluted share.
The Cleveland-based automotive parts maker had originally reported net income of $101.1 million, or 83 cents a share, matching Wall Street estimates. Including one-time items, TRW (TRW) had reported a profit of $58.6 million, or 48 cents a share.
TRW shares slipped 3/16 to 47-1/8 in early Friday trading. 
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