(AP) - Among the earnings stories for Thursday, April 24, from AP Financial
News:
Top stories:
RICHMOND, Va. (AP) -- Altria Group Inc. said Thursday its first-quarter
profit fell 11 percent, in part because of costs related to the spinoff of
Philip Morris International Inc. and relocating its corporate headquarters from
New York to Richmond.
ATLANTA (AP) -- Consumer products maker Newell Rubbermaid Inc. reported
Thursday a 15 percent increase in first-quarter profit on a modest rise in
sales.
Other stories:
GLOUCESTER, Mass. (AP) -- Varian Semiconductor Equipment Associates Inc.,
which makes equipment used to manufacture semiconductors, said Thursday its
fiscal 2008 second-quarter profit fell 11 percent on higher costs and taxes.
SAN FRANCISCO (AP) -- Online technology news and entertainment company CNet
Networks Inc. said Thursday its first-quarter loss narrowed on cost cuts and
improvements to its operating structure.
LAKE FOREST, Calif. (AP) -- Hard drive maker Western Digital Corp. said
Thursday its fiscal third-quarter profit more than doubled as revenue jumped 50
percent on healthy demand for its data storage products.
SANTA CLARA, Calif. (AP) -- Internet security company McAfee Inc. said
Thursday that its first-quarter profit fell 27 percent as rising operating costs
and a much higher provision for income taxes overshadowed an increase in
revenue.
NEW YORK (AP) -- Restructuring charges sunk Bristol-Myers Squibb Co.'s
first-quarter profit, but the drug developer reported higher sales for key
treatments including the blood-thinner Plavix, and managed to top Wall Street
forecasts.
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