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Earnings roundup: Vasco Data Security, Sybase

By Associated Press April 24, 2008 Comments (0)

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

NEW YORK (AP) _ Shares of Vasco Data Security International Inc. plummeted Thursday after the company reported first-quarter revenue below Wall Street estimates, leading at least one analyst to downgrade the stock.

DUBLIN, Calif. (AP) _ Communications software company Sybase Inc. said Thursday its first-quarter profit rose 60 percent on sales of mobile messaging and other services, and it raised its outlook for the year.

HELSINKI, Finland (AP) _ High wood costs, a strong euro and the global economic downturn hurt Nordic paper producers UPM-Kymmene Corp. and Stora Enso Oyj, both of which said Thursday that profits and sales fell in the first quarter.

NEW YORK (AP) _ Shares of Extreme Networks Inc., which makes components for computer networks, hit a five-year low Thursday after fiscal third-quarter results missed Wall Street expectations and an analyst slashed his rating.

ELYRIA, Ohio (AP) _ Invacare Corp., which makes wheelchairs, crutches and motorized scooters, said Thursday it swung to a first-quarter profit from a year-ago loss, but results missed Wall Street expectations by a wide margin, sending shares plummeting to a new 52-week low.

NEW YORK (AP) _ Shares of veterinary services provider VCA Antech Inc. jumped Thursday, after the company reported a 10 percent rise in first-quarter profit and reaffirmed its outlook for 2008 despite a weakening U.S. economy.

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