Earnings roundup: MGIC Investment, Nucor
By
Associated Press
April 17, 2008
|
Among the earnings stories for Thursday, April 17, from AP Financial News:
MILWAUKEE (AP) _ The nation's largest mortgage insurer, MGIC Investment Corp., lost $34.4 million in the first quarter as it paid out more claims with more homeowners defaulting on mortgages.
CHARLOTTE, N.C. (AP) _ Nucor Corp.'s first-quarter profit rose 8 percent, the company said Thursday, despite soaring raw material costs, especially for scrap metal.
NEW YORK (AP) _ Shares of blue-collar staffing company TrueBlue Inc. declined Thursday after posting a lower first-quarter profit and guiding second-quarter results below Wall Street expectations.
CINCINNATI (AP) _ Meridian Bioscience Inc.'s profit jumped 24 percent in the fiscal second quarter on strong sales of products diagnosing influenza and other respiratory infections, the biotechnology company said Thursday.
ATLANTA (AP) _ Auto parts distributor Genuine Parts Co. said Thursday its first-quarter profit rose 1.6 percent, crediting strong sales at its electrical group.
LOS ANGELES (AP) _ Reliance Steel & Aluminum Co., which processes and sells products to aerospace, energy and construction companies, said Thursday its adjusted fiscal first-quarter profit rose 12 percent on strong pricing that boosted margins.