Among the earnings stories for Wednesday, April 23, from AP Financial News:
Top stories:
ST. LOUIS (AP) _ Anheuser-Busch Cos. Inc., the nation's biggest brewer, said Wednesday its profit slipped 1.3 percent in the first quarter as rising ingredient costs more than offset rising revenue.
Other stories:
PARSIPPANY, N.J. (AP) _ Drug company Medicines Co. said Wednesday that first-quarter earnings surged 59 percent, topping Wall Street expectations, on strong U.S. sales growth of its blood thinner Angiomax.
LAUSANNE, Switzerland (AP) _ Cigarette maker Philip Morris International Inc., spun off last month by longtime owner Altria Group Inc., reported Wednesday a 29.2 percent rise in profit for the first quarter, beating estimates, and raised its outlook for the year.
PORTLAND, Ore. (AP) _ Northwest Pipe Co., which makes piping for water infrastructure systems, said Wednesday its first-quarter profit climbed 11 percent thanks to higher sales in its tubular products division.
ATLANTA (AP) _ Marine Products Corp., which makes fiberglass boats, said Wednesday its first-quarter profit rose 5 percent due to a lower tax rate.
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