Among the earnings stories for Thursday, April 17, from AP Financial News:
NEW YORK (AP) _ Bank of New York Mellon Corp. said Thursday its first-quarter earnings rose 72 percent as recent market volatility boosted fees at the trust bank.
DALLAS (AP) _ Comerica Inc.'s profit tumbled 43 percent in the first quarter as more homebuilders in California, hamstrung by the housing slump, defaulted on their loans, the bank said Thursday.
MILWAUKEE (AP) _ Shares of Briggs & Stratton Corp. plummeted after its fiscal third-quarter results missed analysts estimates and it cut its outlook for the year well below Wall Street expectations.
FAIRFIELD, Conn. (AP) _ IMS Health, a provider of market research to the pharmaceutical and health care industries, said Thursday its first-quarter profit fell 31 percent on higher expenses.
MUSCATINE, Iowa (AP) _ Furniture maker HNI Corp. said Thursday its first-quarter profit dropped 81 percent due to one-time costs and a significant drop in office furniture and hearth products sales.
SAN JOSE, Calif. (AP) _ Solar power products maker SunPower Corp. said Thursday its first-quarter profit rose sharply as sales in both its divisions increased and selling prices strengthened at its components unit.
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