(AP) - Among the earnings stories for Monday, May 12, from AP Financial
News:
Top stories:
OVERLAND PARK, Kan. (AP) -- Wireless carrier Sprint Nextel Corp. said Monday
it had a larger first-quarter deficit as revenue fell, it lost more than a
million subscribers and it absorbed charges for severance and other costs.
Other stories:
TAMPA, Fla. (AP) -- Gerdau Ameristeel Corp. said Monday its first-quarter
profit rose 22 percent on greater production, largely from a recent acquisition,
as well as higher selling prices.
ST. LOUIS (AP) -- Charter Communications Inc.'s first-quarter loss narrowed
on higher revenue as more customers took Internet and phone connections, the
cable operator said Monday.
BERLIN, N.J. (AP) -- Arts and crafts retailer A.C. Moore Arts & Crafts Inc.
said Monday it swung to a first-quarter loss, larger than analysts expected,
because of lower demand for its products amid a difficult retail environment.
PRINCETON, N.J. (AP) -- Biotechnology company Medarex Inc. said Monday its
first-quarter profit fell 6 percent, but adjusted results beat Wall Street's
expectations.
DALLAS (AP) -- Regency Energy Partners LP swung to a first-quarter profit as
higher gas sales and the inclusion of acquired properties drove revenue higher.
Copyright 2008 Associated Press. All rights reserved. This material may not be
published, broadcast, rewritten, or redistributed.
|