Teacher:Given a text, write a compressed version of it in a single sentence.
Teacher: Now, understand the problem? Solve this instance: In the first nine months, net was $306 million, compared with a loss of $195 million in the 1988 period. The year - ago results included a $415 million charge in the 1988 second quarter for underperforming real estate and mortgage loans.
Student:
In the first nine months, net was 306 million, compared to the loss of 195 million in the 1988 period.