HARCOURT BRACE JOVANOVICH INC &lt;HBJ> 4TH QTR NET

  Shr 23 cts vs 28 cts
      Net 8,877,000 vs 9,530,000
      Revs 342 mln vs 278.9 mln
      Avg shrs 39.4 mln vs 34 mln
      Year
      Shr 1.91 dlrs vs 1.62 dlrs
      Net 70.5 mln vs 50.5 mln
      Revs 1.3 billion vs 990.5 mln
      Avg shrs 37 mln vs 31.3 mln
      NOTE: On Dec one, 1986, company acquired Holt, Rinehart and
  Winston and W.B. Saunders and The Dryden Press and their
  foreign subsidiaries. By including these companies for the
  single month of December 1986, 4th qtr earnings were raised by
  seven cts per shr and for the year by eight cts per shr.
  

