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Earnings from continuing operations of Alberto-Culver Co. rose in the fiscal third quarter, but a divestiture-related loss resulted in a $2.9 million net loss for the period. In the quarter ended June 30, earnings from continuing operations rose 47 percent, to $2.1 million, or 36 cents a share, from $1.4 million, or 25 cents a share, a year earlier. The net loss resulted from a $5 million loss related to the recent divestiture of the Frye Shoe unit. In the year-earlier period, a $379,000 loss from discontinued operations reduced net income to $1 million, or 18 cents a share. Third-period sales rose 13 percent, to $93.7 million from $82.9 million a year earlier.
