(AP) - Among the earnings stories for Friday, May 9, from AP Financial News:
NEW YORK (AP) -- Clear Channel Communications Inc., a major radio and
outdoor advertising company, reported higher first-quarter earnings Friday on
asset sales but operating results were flat, reflecting weak demand for radio
advertising.
PARSIPPANY, N.J. (AP) -- Chemical and industrial products company GenTek
Inc. said it swung to a first-quarter profit compared with the year-ago period
that included a hefty loss from discontinued operations.
LAKE SUCCESS, N.Y. (AP) -- Aceto Corp., distributor of chemicals and generic
drugs, said Friday its fiscal third-quarter profit jumped 83 percent as sales
rose, helped by solid results in all its segments, notably health sciences and
chemical and colorants.
HOUSTON (AP) -- Sterling Construction Co., which builds highways, bridges
and railroads, said Friday its first-quarter profit grew as revenue increased,
but results fell below Wall Street's expectations and shares inched lower.
NEW YORK (AP) -- Shares of institutional pharmacy services provider
PharMerica Corp. rose Friday after its adjusted first-quarter profit and revenue
beat Wall Street estimates.
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