Millennium Chemicals reported a third-quarter net loss of $20-million, excluding charges and gains, on sales up 5%, to $431 million. The company reported net income of $5 million in the year-ago quarter. Results were 1 cts/share above analysts' estimates. Losses totaled $28 million (44 cts/share) including special items, the company says. The majority of the loss is attributed to lower profits in the titanium dioxide (Ti[O.sub.2]) segment, Millennium says. Operating income dropped within all business units, the company says.
"Although we are very disappointed with the current financial performance, we made progress with the implementation of initiatives announced in …
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