(AP) - Among the earnings stories for Wednesday, Feb. 20, from AP Financial
News:
KANSAS CITY, Mo. (AP) -- Shares in navigational device maker Garmin Ltd.
dropped more than 7 percent Wednesday as investors worried about price cuts made
to deal with competition in the automotive market -- the vast majority of the
company's business.
NORWOOD, Mass. (AP) -- Chip maker Analog Devices Inc. said Wednesday its
fiscal first-quarter profit more than doubled, helped by gains on the sale of
two businesses, though revenue declined slightly and missed Wall Street's
expectations.
PORTLAND, Ore. (AP) -- Restaurant operator McCormick & Schmick's Seafood
Restaurants Inc. on Wednesday said it swung to a fourth-quarter loss, hurt by
one-time charges that left its adjusted results below analyst expectations.
LAS VEGAS (AP) -- Hotel and casino operator Ameristar Casinos Inc. said
Wednesday its fourth-quarter profit fell by more than half, as revenue growth
was offset by charges related to the opening of new facilities, acquisitions and
other items.
MOUNTAIN VIEW, Calif. (AP) -- Synopsys Inc. said Wednesday its profit nearly
doubled during its first fiscal quarter as time-based license revenue rose and
operating expenses fell.
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