Earnings roundup: Kennametal, PC Mall

Among the earnings stories for Thursday, April 24, from AP Financial News:

LATROBE, Pa. (AP) _ Kennametal Inc., which makes metal-cutting tools and highway construction equipment, said Thursday its fiscal third-quarter profit fell 55 percent, though adjusted results beat analyst expectations.

TORRANCE, Calif. (AP) _ Online computer and electronics retailer PC Mall Inc. said Thursday its first-quarter profit jumped by more than half as sales rose across most of the company's divisions.

FREMONT, Calif. (AP) _ Lam Research Corp. said Wednesday that third-quarter earnings dropped 37 percent and missed Wall Street forecasts as U.S. economic woes slowed spending on wafer manufacturing equipment.

CINCINNATI (AP) _ Media company E.W. Scripps said Thursday its first-quarter profit rose 23 percent from the same period a year ago, mostly because of higher ratings and ad sales at its HGTV and Food Network.

DENVER (AP) _ Industrial real estate investment trust ProLogis said Thursday its first-quarter results increased nearly 12 percent on proceeds from property sales, beating Wall Street's expectations.

PLANTATION, Fla. (AP) _ TradeStation Group Inc.'s profit grew 1 percent in the first quarter as turbulent markets led clients to trade more stocks, the brokerage said Thursday.

MIAMI (AP) _ Royal Caribbean Cruises Ltd. said Thursday its first-quarter profit surged on increased capacity and higher sales, helping offset rising fuel costs that have beset the cruise industry. The world's No. 2 cruise operator lowered its full-year earnings guidance, sending its shares down almost 7 percent.