DOW JONES NEWSWIRES 
 

Below is a synopsis of major quarterly releases from Tuesday afternoon:

McKesson Profit Up On Lower Expenses, Boosts 2009 View

McKesson Corp.'s (MCK) profit climbed 23% as margins improved while the company reported lower expenses. Each business in the company's distribution and technology segments met or exceeded expectations, according to Chairman and Chief Executive John Hammergren. The positive momentum also led the nation's largest distributor of pharmaceuticals to raise its fiscal-year earnings outlook. Shares were up 0.4% to $47.03 in after hours.

DreamWorks Earnings Slide But Top Street View

DreamWorks Animation SKG's (DWA) profit slid 7% on lower revenue and margins as the company has yet to see the benefits from its 3-D movie "Monsters vs. Aliens," the studio's only release this year. But results were solidly above analysts' expectations, helping push the stock up 2.9% after-hours to $29.50.

Massey Swings To Profit Despite Lower Prices, Higher Costs

Massey Energy Co. (MEE) swung to a profit despite lower coal prices and higher costs, as a prior-year litigation charge skewed comparisons. Shares jumped 5.3% to $23.95 in after-hours trading as results for the fourth-largest U.S. coal producer by revenue topped Wall Street's expectations. The stock has more than doubled from a six-year low in March but is still down about two-thirds in the past year. Massey also narrowed its 2009 forecast of coal shipments and raised them for 2010.

Chicago Bridge & Iron Swings To Profit On Cost-Cutting

Chicago Bridge & Iron Co. (CBI) swung to a profit, topping Wall Street expectations, as the construction and engineering company continued to pare costs. Still, new awards for the quarter were off 73%. Shares fell 1.5% to $13.58 in late trading.

International Ops Weigh On Fidelity National Profit But Co Boosts Year View

Fidelity National Information Services (FIS) reported an 18% decrease in profit as international revenue dropped and the company said the environment remained difficult. Shares rose 4.2% in late trading to $22.30 as results topped analysts' expectations and the provider of technological and processing assistance to banks and financial institutions boosted its full-year earnings guidance.

Carter's Earnings Soar, Topping Expectations; Shares Rise

Carter's Inc.'s (CRI) profit quadrupled as the company said it cut back on inventory and costs while seeing sales and margins rise again. Shares rose 6.6% to $28.70 in after-hours trading as the children's apparel maker blew away expectations and expressed optimism on the rest of the year.

Teco Profit Boosted By Better Pricing, Sees Modest Recovery

Teco Energy Inc.'s (TE) profit improved 18% as the utility benefited from better pricing. Chairman and Chief Executive Sherrill Hudson added that the economy appears to be near a bottom, but he warned Teco expects only a modest recovery later this year. Shares of Teco, which reiterated its 2009 earnings target, added 3 cents to $12.69 in after-hours trading.

Hertz Earnings Plunge On Demand Woes But CEO Sees Improvement

Hertz Global Holdings Inc.'s (HTZ) profit dropped 92% amid a sharp drop in car- and equipment-rental revenue, though earnings still topped the company's own expectations. Chief Executive Mark Frissora said volume and pricing trends have improved in the summer car-rental peak in the U.S. and Europe and used-car values in the U.S. are close to 2008 levels. In after-hours trading, shares were down 2% at $9.20.

WellCare Profit Triples On Premium Revenue; Shares Soar

WellCare Health Plans Inc.'s (WCG) second-quarter profit more than tripled as Medicare and Medicaid premium revenue both grew. Following the results, which easily topped Wall Street's expectations, shares surged 26% to $24.55 in after-hours trading.

Panera Earnings Helped By Lower Wheat Costs, Tightens Year View

Panera Bread Co.'s (PNRA) earnings rose 28% as the company benefited from lower wheat costs and management initiatives. The sandwich-restaurant chain also tightened its guidance for 2009, putting the range entirely above Wall Street expectations. In after-hours trading, the company's shares were up 0.7% at $57.25.