Among the earnings stories for Wednesday, April 16, from AP Financial News:
Top stories:
CHICAGO (AP) _ Pharmaceutical company Abbott Laboratories Inc. said Wednesday that its first-quarter earnings surged 35 percent, driven by robust international sales of its rheumatoid arthritis medication Humira.
Other stories:
AMSTERDAM, Netherlands (AP) _ ASML Holding NV, one of the largest makers of semiconductor manufacturing equipment, said Wednesday its first-quarter profit fell 5 percent as customers cut back on spending.
ST. PAUL, Minn. (AP) _ Medical device maker St. Jude Medical Inc. said Wednesday strong sales of atrial fibrillation and cardiac rhythm devices lifted first-quarter profit nearly 27 percent.
CHESNUT RIDGE, N.Y. (AP) _ Electronic testing equipment maker LeCroy Corp. said Wednesday it swung to a fiscal third-quarter profit on distribution improvements and lower costs.
LUFKIN, Texas (AP) _ Lufkin Industries Inc.'s first-quarter earnings fell 12 percent as oil field business waned from a robust prior year, the provider of oil field pumps and power transmissions said Wednesday.
VAN NUYS, Calif. (AP) _ Cherokee Inc., which licenses clothing, footwear and other brand licenses, said Wednesday its fiscal fourth quarter profit dropped 86 percent, partly due to a one-time revenue boost that boosted last year's quarterly results.
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