(AP) - Among the earnings stories for Wednesday, April 30, from AP Financial
News:
Top stories:
CHICAGO (AP) -- Kraft Foods Inc., the nation's largest food and beverage
maker, said Wednesday its first-quarter earnings dropped 13 percent amid higher
costs for the ingredients that go into its products.
CHICAGO (AP) -- OfficeMax Inc. posted a 9 percent increase in first-quarter
profit Wednesday, overcoming a substantial drop in sales with help from a gain
from its investment in Boise Cascade LLC. But results were below analysts'
expectations, and the share price fell.
Other stories:
CHARLOTTE, N.C. (AP) -- Reynolds American Inc., the nation's second-largest
tobacco company, posted a 54 percent increase in its first quarter profit
Wednesday due to a one-time gain, but its adjusted figures were weaker than
expected and it cut its full-year profit forecast. Its shares fell more than 4
percent in morning trading.
GREENWICH, Conn. (AP) -- United Rentals Inc.'s first-quarter earnings jumped
27 percent on lower operating costs from a shift in focus to rentals from sales,
the company said Tuesday.
WATSONVILLE, Calif. (AP) -- Boating gear retailer West Marine Inc. said
Wednesday its first-quarter loss widened on softer consumer spending.
CINCINNATI (AP) -- Cincinnati Financial Corp. posted a steep loss in the
first quarter as a book of stocks the insurer owns was pummeled by the credit
crisis, the company said Wednesday.
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