HARNISCHFEGER INDUSTRIES INC &lt;HPH> 2ND QTR NET
  April 30 end
      Oper shr 20 cts vs 19 cts
      Oper net 4,625,000 vs 6,781,000
      Sales 250.2 mln vs 150.9 mln
      Orders 351.5 mln vs 122.5 mln
      1st half
      Oper shr 29 cts vs 26 cts
      Oper net 7,453,000 vs 12.0 mln
      Sales 441.1 mln vs 255.6 mln
      Orders 576.6 mln vs 221.1 mln
      Backlog 848.3 mln vs 459.2 mln
      NOTE: Prior year net excludes losses from discontinued
  operations of 32.9 mln dlrs in quarter and 35.7 mln dlrs in
  half.
      Net excludes tax credit 2,540,000 dlrs vs credit reversal
  2,300,000 dlrs in quarter, credit 5,500,000 dlrs vs nil half.
      Results include Syscom Corp from December 30, 1986 purchase
  and Beloit Corp from March 31, 1986 purchase.  Orders exclude
  253.6 mln dlrs acquired with Syscon acquisition.
      Backlog at January 31 747 mln dlrs.
      Average shares 21.5 mln vs 13.3 mln in quarter and 18.9 mln
  vs 13.3 mln in half.
      Income tax provisions 2,200,000 dlrs vs 3,450,000 dlrs in
  quarter and 6,200,000 dlrs vs 7,225,000 dlrs in half.  Current
  quarter tax rate of 27.5 pct benefited from Wisconsin
  Department of Revenue Decision, the company said.
  

