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Earnings roundup: LSI Industries, Old Republic

By Associated Press April 24, 2008 Comments (0)

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

CINCINNATI (AP) _ Lighting company LSI Industries Inc. said Thursday its fiscal third-quarter profit fell 70 percent on a sharp drop in sales and profit margins.

CHICAGO (AP) _ Old Republic International Corp. lost money in the first quarter as the troubled housing market hamstrung two of the insurer's biggest segments, the company said Thursday.

CLEVELAND (AP) _ Brush Engineered Materials Inc., which supplies materials for electronics manufacturing, said Thursday its first-quarter profit tumbled 80 percent on softer demand for the company's products, especially in the media market, and several one-time charges.

ST. PAUL, Minn. (AP) _ Ecolab Inc., which provides cleaning and pest-control services, said Thursday profit rose 15 percent in the first quarter on higher sales in Latin America and Asia.

COLUMBUS, Ga. (AP) _ Synovus Financial Corp. said Thursday its first-quarter profit fell 45 percent on a larger loan loss provision, but beat Wall Street estimates.

COLUMBUS, Ohio (AP) _ Property and casualty insurer State Auto Financial Corp. said Thursday it swung to a loss during the first quarter due to a record level of catastrophe losses during the first three months of the year.

CHICAGO (AP) _ Struggling cell phone maker Motorola Inc. said Thursday that its first-quarter loss widened as sales in the company's key handset unit fell 39 percent, extending a two-year slump.

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