(AP) - Among the earnings stories for Wednesday, April 30, from AP Financial
News:
MEMPHIS, Tenn. (AP) -- International Paper reported Wednesday that
first-quarter earnings sank as the company paid more for raw materials and did
not benefit from land sales as it did in the same period last year.
NEW YORK (AP) -- RenaissanceRe Holdings Ltd.'s profit shrank 28 percent in
the first quarter as the insurer collected less in premiums and reaped weaker
returns from its investment portfolio, the company said Tuesday.
DES PLAINES, Ill. (AP) -- Shares of Littelfuse Inc. jumped Wednesday after
the fuse maker said its first-quarter profit declined on charges, but adjusted
earnings and the company's sales forecast surpassed Wall Street's expectations.
NAPERVILLE, Ill. (AP) -- Nalco Holding Co., which makes chemicals for water
treatment, said its first-quarter profit climbed 49 percent on strong growth in
its two biggest divisions.
GRAND RAPIDS, Mich. (AP) -- Kellogg Co. reported Wednesday that its
first-quarter profit dipped 2 percent, despite recent price increases intended
to offset higher costs.
NEW YORK (AP) -- Shares of CyberSource Corp. spiked Wednesday after the
online payment service provider reported first-quarter results above Wall Street
estimates and reiterated a full-year guidance that some analysts called
conservative.
SYRACUSE, N.Y. (AP) -- Shares of Anaren Inc., which designs and makes
microwave and radio frequency components, sank to a new three-year low Wednesday
after the company reported its fiscal third-quarter profit declined as its gross
margin fell.
Copyright 2008 Associated Press. All rights reserved. This material may not be
published, broadcast, rewritten, or redistributed.
|