(AP) - Among the earnings stories for Wednesday, April 30, from AP Financial
News:
Top stories:
DETROIT (AP) -- General Motors Corp. struggled to a $3.3 billion
first-quarter loss, due in part to a weak U.S. market, a strike at a major parts
supplier and plummeting sales of sport utility vehicles and pickups.
Other stories:
WESTWOOD, Mass. (AP) -- LoJack Corp., which makes vehicle-tracking devices,
said Wednesday its first-quarter profit tumbled 84 percent, blaming slumping
U.S. vehicle sales and the timing of international orders.
HONOLULU (AP) -- Ocean shipping and real estate company Alexander & Baldwin
Inc. said Wednesday its first-quarter earnings surged 70 percent, as several
residential property sales offset lower transportation revenue.
NEW YORK (AP) -- Overseas Shipholding Group Inc., which owns and operates
crude oil tankers, said its first-quarter earnings rose 33 percent on surging
vessel charter rates, but still fell short of analysts' expectations.
NEW YORK (AP) -- Shares of Silicon Laboratories Inc. fell Wednesday after
the integrated circuit maker said its first-quarter profit fell more than 90
percent on discontinued operations, missing Wall Street estimates.
NEW YORK (AP) -- Shopping center real estate investment trust Equity One
Inc. said its first-quarter results increased 10 percent, beating Wall Street's
estimates, but rising food costs could hurt its tenants, some analysts say.
ATLANTA (AP) -- Natural-gas distributor AGL Resources Inc. said Wednesday
its first-quarter earnings slipped 13 percent and missed Wall Street's
expectations, hurt by declines in the retail energy and wholesale services
segments.
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