LTV Corp. reported net income of $502.6...

LTV Corp. reported net income of $502.6 million for 1987, contrasted with a 1986 net loss of $3.27 billion. Sales for the year rose 4% to $7.6 billion from 1986. For the fourth quarter, the company reported earnings of $140.6 million, contrasted with a loss of $470.1 million for the year-ago period. The Dallas company said the turnaround reflects increased shipments, improved selling prices for steel and substantial savings from the deferral of interest, pension and other costs while the firm operates under the bankruptcy protection of Chapter 11.