Firestone Tire & Rubber reported net income...

Firestone Tire & Rubber reported net income of $20 million in the quarter ended April 30, compared to $16 million a year ago, even though sales were lower. The increase was due a $4-million gain from the reversion of pension assets and improved results from U.S. retail and diversified products operations. After the quarter ended, the company received about $260 million from the previously reported termination of the company’s salaried pension plan.

Deere & Co. said that sales of farm equipment remained depressed in the second quarter and that its net income for the period fell 12% to $34.8 million. Production was down 7% from the same period of last year, and sales to dealers were down 9%, Deere said.

Caesars World, which operates gambling resorts in Nevada and New Jersey, said its earnings rose more than 87% in the third quarter and 82% for the first nine months of the fiscal year. Revenue in the period rose by 10.7%. Henry Gluck, the company’s chairman and chief executive, attributed the earnings gain to improved operations at the company’s Las Vegas operation, which increased third-quarter operating income by about 50% to $15.6 million. The company’s casino in Atlantic City, N.J., had its operating income drop to $4.1 million from $9.5 million a year earlier.

Itel announced a loss of $5.2 million for the first quarter ended March 31, compared to a loss of $3.4 million for the same quarter of 1984. The 1985 loss included an extraordinary loss of $2.1 million relating to an amendment of Itel’s note indentures. Itel, a container and rail shipping company, emerged from bankruptcy court reorganization in September, 1983.

For detailed data and results of other companies, please see accompanying tables.