PENN TRAFFIC CO <PNF> 4TH QTR JAN 31 NET Shr 33 cts vs 46 cts Net 1,350,000 vs 1,886,000 Revs 150.1 mln vs 127.9 mln Year Shr 1.76 dlr vs 1.59 dlr Net 7,300,000 vs 6,567,000 Revs 548 mln vs 510.5 mln NOTE: First three quarters of 1986 have been restated to reflect adoption in 4th qtr of new pension accounting procedure which increased net income in first three qtrs 204,000 dlrs or five cts per share. Procedure increased fourth qtr income 73,000 dlrs or two cts per share.