Among the earnings stories for Monday, April 21, from the AP Financial Desk:
Top stories:
TRENTON, N.J. (AP) _ The drugmaker Merck & Co. on Monday reported that its profit almost doubled in the first quarter due to a $1.4 billion distribution from a partner drug company. Its sales were slightly higher than a year ago.
INDIANAPOLIS (AP) _ Drug maker Eli Lilly and Co. said strong sales for Cymbalta and Cialis helped double its first-quarter profit, but results missed Wall Street expectations.
Other stories:
ST. LOUIS (AP) _ Cass Information Systems Inc., a payment and information processing company, said Monday fiscal first-quarter profit fell 4 percent, hurt by lower interest rates and higher expenses.
BEIJING (AP) _ China Mobile Ltd., the country's biggest mobile phone carrier, said Monday its first-quarter profits surged while China Telecom Ltd., the country's main fixed-line carrier, reported essentially flat earnings, reflecting a shift in consumer tastes.
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