Exhibit 11.1, 1st Quarter 1997 ----------------------------------------------------------------------------- Form 10-Q, Commission File Number 1-12385 NEWPORT NEWS SHIPBUILDING INC. STATEMENT RE COMPUTATION OF PER SHARE EARNINGS (UNAUDITED)
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Exhibit 11.1, 1st Quarter 1997
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Form 10-Q, Commission File Number 1-12385
NEWPORT NEWS SHIPBUILDING INC.
STATEMENT RE COMPUTATION OF PER SHARE EARNINGS
(UNAUDITED)
First Quarter
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1997 1996
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Millions (Except Shares and Per Share Data)
NET EARNINGS:
Continuing Operations...................................................... $ 13 $ 9
Discontinued Operations.................................................... - -
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$ 13 $ 9
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Weighted average common shares outstanding................................. 34,464,442 N/A
NET EARNINGS PER SHARE - PRIMARY:
Continuing Operations...................................................... $ .38 $ N/A
Discontinued Operations.................................................... - N/A
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$ .38 $ N/A
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Common shares from above................................................... 34,464,442 N/A
Assumed exercise of options (treasury stock method)........................ 94,682 N/A
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34,559,124 N/A
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NET EARNINGS PER SHARE - FULLY DILUTED:
Continuing Operations...................................................... $ .38 $ N/A
Discontinued Operations.................................................... - N/A
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$ .38 $ N/A
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Common shares from above................................................... 34,464,442 N/A
Assumed exercise of options (treasury stock method)........................ 94,682 N/A
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34,559,124 N/A
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