VARITY CORP <VAT> 4TH QTR JAN 31 LOSS Shr loss 13 cts vs loss one ct Net loss 18,600,000 vs profit 3,300,000 Revs 394.0 mln vs 351.0 mln YEAR Shr loss 21 cts vs loss 16 cts Net loss 23,300,000 vs profit 3,900,000 Revs 1.36 billion vs 1.29 billion Note: Current yr loss includes reorganization charge of 15.2 mln dlrs vs yr-ago reorganization charge of 17.6 mln dlrs. Shr after preferred divs. U.S. dlrs.