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Earnings Roundup: Warner Music, Scania

By Associated Press February 6, 2008

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Among the earnings stories for Wednesday, Feb. 6, from AP Financial News:

Top stories:

LOS ANGELES (AP) _ Warner Music Group Corp., whose artists include Led Zeppelin and Josh Groban, posted a first-quarter loss Wednesday, hurt by higher expenses and a charge related to a discontinued business.

Other stories:

STOCKHOLM, Sweden (AP) _ Swedish truckmaker Scania AB on Wednesday said its fourth-quarter profit rose 48 percent due to strong sales and raised its revenue forecast for the next two years.

DES PLAINES, Ill. (AP) _ Fuse maker Littelfuse Inc. said Wednesday its fourth-quarter profit jumped 71 percent on strong sales of electrical products.

NEW YORK (AP) _ Shares of Quality Systems Inc. surged Wednesday, as the medical records and billing software maker reported better-than-expected results for its fiscal third quarter.

PARIS (AP) _ France Telecom SA said Wednesday that 2007 net profit rose 52 percent on better margins and lower taxes, with its mobile phone businesses fueling sales.

LONDON (AP) _ British Sky Broadcasting Group PLC on Wednesday reported a half-year loss of $219.7 million because of an 18 percent stake acquisition in independent broadcaster ITV PLC _ a move the government has challenged.

NEW YORK (AP) _ Shares of Invitrogen Corp. rose sharply Wednesday after the diagnostic test supplier reported better-than-expected fourth-quarter earnings and said it settled a series of patent disputes.

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DocumentId: 571787, ~/articles/articlehandler.aspx, 5/17/2008 4:40:38 AM

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