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Earnings roundup: MGIC, TD Ameritrade

By Associated Press April 17, 2008 Comments (0)

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Among the earnings stories for Thursday, April 17, from AP Financial News:

MILWAUKEE (AP) _ MGIC Investment Corp. shares soared almost 19 percent on Thursday when the nation's largest mortgage insurer beat Wall Street's expectations for first-quarter results even though it lost $34.4 million.

OMAHA, Neb. (AP) _ Online brokerage TD Ameritrade Holding Corp. said Thursday its second-quarter profit jumped 32 percent on strong trading activity and growth in its asset-based revenue.

FLINT, Mich. (AP) _ Citizens Republic Bancorp Inc. said Thursday its first-quarter earnings fell 65 percent because of a skyrocketing loan-loss provision.

DALLAS (AP) _ Southwest Airlines Co., better insulated from high fuel costs than other carriers, eked out a reduced profit in the first quarter but said rising costs would force it to slow its fleet expansion plans.

SAN FRANCISCO (AP) _ More change is in store at eBay, its CEO said after the online auction company reported its profit climbed 22 percent in the first quarter despite anger from its sellers over fee and feedback adjustments.

BRIDGEPORT, Conn. (AP) _ Regional bank People's United Financial Inc. said Thursday its first-quarter earnings fell 55 percent because of expenses and charges related to its acquisition of Chittenden Corp.

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