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Earnings roundup: Caterpillar, Schlumberger

By Associated Press April 18, 2008 Comments (0)

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Among the earnings stories for Friday, April 18, from AP Financial News:

Top stories:

PEORIA, Ill. (AP) _ Heavy equipment maker Caterpillar said Friday demand for its global mining and energy products pushed its first-quarter earnings up 13 percent.

HOUSTON (AP) _ Schlumberger Ltd. said Friday its first-quarter net income rose nearly 14 percent from a year ago, but the oilfield services provider missed the Wall Street forecast.

Other stories:

NEW YORK (AP) _ Israel-based wireless service provider Ceragon Networks Ltd. said Friday its first-quarter profit rose 65 percent as growing demand in Asia, Europe and the Middle East more than offset recent weakness in North America.

SAN FRANCISCO (AP) _ Investors appear ready to embrace Google Inc. again after weeks of hand wringing over whether the faltering U.S. economy would bog down the Internet search leader's moneymaking machine.

SALT LAKE CITY (AP) _ Overstock.com Inc. said Friday it narrowed its first-quarter loss 82 percent, soundly beating Wall Street expectations, as sales rose and costs declined.

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