EARNINGS REPORT

Motorola stock was the most active on the New York Stock ExchangeWednesday after the company reported lower earnings for its firstquarter. The company earned $116 million, or 88 cents a share, down8.7 percent, on revenue of $2.74 billion, up 8 percent. GeorgeFisher, chairman and chief executive officer, said first-quarterresults reflect the recessionary environment, but he expects that toease later in the year. Motorola's stock finished at $62.87 1/2, up$6.75, on a volume of 2.4 million shares. Talman Home Federal Savings reported first-quarter earnings of $6.7million, or 70 cents a share, a 50 percent increase from the year-agoperiod. Talman, Chicago's largest savings and loan, attributed thesharply higher profit to increased interest income from loans andcost-cutting efforts. Talman also said its non-performing loansstayed about the same at one-half percent of assets. Talman stockjumped Wednesday, closing up $1.37 1/2 to $5.50 a share.

Walgreen Co. said its earnings rose 9 percent in its fiscal secondquarter, partly due to improved Christmas season sales. Walgreenreported net income of $67.5 million, or 55 cents per share, for thethree months ending Feb. 28, compared with $61.9 million, or 50 centsper share, for the same period a year ago. Sales rose 13 percent to$1.8 billion. For the first six months of its fiscal year, Walgreenearnings totaled $99.6 million, or 81 cents per share, up 10 percent,on sales of $3.4 billion, up 13 percent. Bell Federal Savings reported first-quarter earnings of $4.9million, a 17 percent increase from the same period last year.