Marriott Corp. reported net income of $43...

Marriott Corp. reported net income of $43 million for the second quarter ended June 14, an increase of 18% over the same period last year. Revenues rose 22% to $1 billion from $824.6 million a year earlier. The company said its strong performance during the quarter was due to good results from its contract-food services and lodging operations.

Kaufman & Broad reported that net income and revenue for its second quarter ended May 31 rose 11.8% and 61%, respectively, from the like quarter of 1984. Chairman Eli Broad reported that although net income was up, housing-operating income “was not as strong as expected during the quarter, primarily due to delays which pushed a significant number of on-site housing deliveries into the company’s second half.” During the second quarter, the company said it recorded a $2.5-million improvement in its life insurance operations and a $9.2-million pretax profit from the sale of loan-servicing rights in its mortgage-banking business.