(AP) - Among the earnings stories for Wednesday, May 7, from AP Financial
News:
CHICAGO (AP) -- Online travel company Orbitz Worldwide Inc. said Wednesday
it posted a larger first-quarter loss, as higher costs and weak bookings in the
U.S. tugged down results.
COPENHAGEN, Denmark (AP) -- Carlsberg A/S said Wednesday it swung to a loss
in the first quarter mainly due to costs related to its acquisition of a stake
in the brewer Scottish & Newcastle, which it bought together with Dutch rival
Heineken NV.
TEANECK, N.J. (AP) -- Information technology and outsourcing company
Cognizant Technology Solutions Corp. said Wednesday its first-quarter profit
shot up 35 percent on higher revenue across its business segments.
TOLEDO, Ohio (AP) -- Owens Corning, which makes insulation, roofing
materials and other building products, on Wednesday said it swung to a
first-quarter loss, hurt by weak demand and lower selling prices on some
products amid a difficult housing environment.
CONCORD, N.C. (AP) -- Speedway Motorsports Inc. said Wednesday its
first-quarter profit slipped 3 percent on costs related to its New Hampshire
Motor Speedway acquisition, but results surpassed analysts' estimates.
NEW YORK (AP) -- Marsh & McLennan lost money in the first quarter as the
insurance broker's corporate security business suffered a fundamental
deterioration in value, the company said Wednesday.
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