Earnings roundup: Nokia, Supervalu
By
Associated Press
April 17, 2008
|
Among the earnings stories for Thursday, April 17, from AP Financial News:
HELSINKI, Finland (AP) _ Shares in Nokia Corp. plunged more than 13.5 percent Thursday after the world's largest mobile phone maker downgraded its forecast for the global handset market and posted lower-than-expected earnings in the first quarter.
MINNEAPOLIS (AP) _ The grocer Supervalu said fourth-quarter profits jumped 30 percent, despite bargain-hunting shoppers who are being squeezed by food inflation.
NORWOOD, Mass. (AP) _ Aspect Medical Systems Inc., which makes anesthesia monitoring systems, said Thursday it swung to a loss in the first quarter, as expenses outpaced revenue growth.
WASHINGTON (AP) _ Marriott International Inc. said Thursday its first-quarter profit dropped 34 percent as the slowing U.S. economy took a toll on its hotels. The results were in line with Wall Street expectations, but the hotel operator lowered its forecast for the full year.
NEW YORK (AP) _ Pfizer Inc., the world's biggest drugmaker, reported an 18 percent drop Thursday in its first-quarter profit on tougher generic competition but said it still expects to meet profit expectations for the full-year.