Martin Lawrence Income Down 57% for Quarter

Martin Lawrence Limited Editions Inc., a Van Nuys operator of retail art galleries, said its net income fell 57% to $863,000 in the third quarter that ended Sept. 30 from $1.99 million a year earlier. Revenues were flat at about $12.4 million.

For the nine months that ended Sept. 30, Martin Lawrence reported a 39% decline in earnings to $3.37 million from $5.55 million a year before. Revenues were $37.4 million, up 5% from $35.6 million.