Among the earnings stories for Wednesday, April 23, from AP Financial News:
Top stories:
CHICAGO (AP) _ Boeing Co., the world's second biggest commercial airplane manufacturer, said Wednesday that it earned a better-than-expected $1.2 billion in the first quarter, a 38 percent increase from a year ago as its backlog of orders grew to a new record high.
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.
Other stories:
PHILADELPHIA (AP) _ Sovereign Bancorp's profit more than doubled in the first quarter because the cost to undertake a restructuring ate into last year's income, the bank said Wednesday.
BOSTON (AP) _ Investment manager Affiliated Managers Group Inc. said Wednesday its first-quarter earnings fell 10 percent due to net client outflows and rising expenses.
FORT WORTH, Texas (AP) _ Oil and natural-gas producer XTO Energy Inc. said Wednesday its first-quarter profit jumped 21 percent on increases in production and gas and oil prices.
NEW YORK (AP) _ Ryder System Inc. said Wednesday first-quarter earnings rose 9 percent as growth in its fleet management business offset slumping sales at its logistics management unit.
STAMFORD, Conn. (AP) _ Silgan Holdings Inc., which supplies containers and closures for consumer products, said Wednesday that charges and elevated raw material costs weighed down first-quarter profit.
VERNON HILLS, Ill. (AP) _ Zebra Technologies Corp., which makes bar code and plastic card printers, said Wednesday its first-quarter profit climbed 4 percent, boosted by strong international sales.
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