Beatrice said its quarterly net will rise sharply.

The Chicago-based company said it will report a pretax gain of about $655 million for the fourth quarter as a result of its previously announced sale of various businesses. The gain will be partly offset by a pretax charge of about $286 million for the expected costs of restructuring Beatrice Cos. since its merger with Esmark. The after-tax effect on net earnings is expected to be about $176 million, according to Beatrice.