(AP) - Among the earnings stories for Wednesday, April 23, from AP Financial
News:
BOSTON (AP) -- Sales of a new multiple sclerosis drug helped lift Biogen
Idec Inc.'s first-quarter profit by 24 percent to beat Wall Street expectations,
and the biotechnology firm raised its full-year earnings forecast.
NEW YORK (AP) -- Shares of Arrow Electronics Inc. tumbled Wednesday after
the electronics and computer products distributor posted disappointing
first-quarter results, hurt by challenging market conditions in its enterprise
computing segment.
INDIANAPOLIS (AP) -- Rising medical costs and pricing problems pushed
WellPoint Inc.'s first-quarter profit down 25 percent, missing Wall Street
expectations. The health insurer cut its full-year outlook Wednesday for the
second time in about a month.
CHELMSFORD, Mass. (AP) -- Zoll Medical Corp., which makes resuscitation
devices, on Wednesday reported fiscal second-quarter profit and revenue above
analyst estimates, and raised its full-year earnings target.
NEW YORK (AP) -- Shares of Aaron Rents Inc. rose Wednesday, after the
company reported first-quarter results above analyst expectations, as a plan to
scale back store expansion amid a difficult environment appeared to pay off.
Copyright 2008 Associated Press. All rights reserved. This material may not be
published, broadcast, rewritten, or redistributed.
|