Among the earnings stories for Wednesday, April 23, from AP Financial News:
BOSTON (AP) _ Sales of a new multiple sclerosis drug helped lift Biogen Idec Inc.'s first-quarter profit by 24 percent to beat Wall Street expectations, and the biotechnology firm raised its full-year earnings forecast.
NEW YORK (AP) _ Shares of Arrow Electronics Inc. tumbled Wednesday after the electronics and computer products distributor posted disappointing first-quarter results, hurt by challenging market conditions in its enterprise computing segment.
INDIANAPOLIS (AP) _ Rising medical costs and pricing problems pushed WellPoint Inc.'s first-quarter profit down 25 percent, missing Wall Street expectations. The health insurer cut its full-year outlook Wednesday for the second time in about a month.
CHELMSFORD, Mass. (AP) _ Zoll Medical Corp., which makes resuscitation devices, on Wednesday reported fiscal second-quarter profit and revenue above analyst estimates, and raised its full-year earnings target.
NEW YORK (AP) _ Shares of Aaron Rents Inc. rose Wednesday, after the company reported first-quarter results above analyst expectations, as a plan to scale back store expansion amid a difficult environment appeared to pay off.
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