FAIRCHILD INDUSTRIES INC &lt;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.
  

