Over all, the company reported a second-quarter profit of $21.4 million, or 3 cents a share.

Chrysler said its second-quarter profits were up 6.6 percent over the 1988 period.

That was the biggest cause of a 63 percent drop in the company's second-quarter profit.

The big chemical company reported a 50 percent drop in second-quarter profits.

Of the nation's leading oil companies, only Shell has reported a lower second-quarter profit.

The firm also said fiscal second-quarter profit rose 24 percent, to $347.8 million.

Federal Express said after the market closed that its second-quarter profit rose to $1.57 a share from $1.53 a year ago.

It reported that second-quarter profits fell 20 percent, but analysts said results were better than expected.

The company reported this month that second-quarter profits declined 7 percent from 1990, to $357 million, on sales of $4.99 billion.

The company said second-quarter profits from continuing operations fell 54 percent.