Earnings roundup: Avon, Hutchinson Technology

Among the earnings stories for Tuesday, April 29, from AP Financial News:

Top stories:

NEW YORK (AP) _ Cosmetics company Avon Products Inc. said Tuesday its first-quarter profit rose 23 percent as international sales, particularly in Latin America, offset declining North American revenue.

Other stories:

HUTCHINSON, Minn. (AP) _ Hutchinson Technology Inc., which makes suspension assemblies for disk drives, on Tuesday said its fiscal 2008 second-quarter loss widened on a drop in sales and it will slash up to 80 jobs in a cost-cutting move.

ST. LOUIS (AP) _ Computer network service provider Savvis Inc. said Tuesday it swung to a first-quarter loss as revenue edged lower and the year-ago results were boosted by a hefty gain on a sale.

LOS ANGELES (AP) _ DreamWorks Animation SKG Inc. said Tuesday its first-quarter net profit grew 69 percent from a year ago thanks to international box office revenue from "Bee Movie" and DVD sales of "Shrek the Third."

HOUSTON (AP) _ Dresser-Rand Group Inc., which makes compressors, turbines and other machinery, said Tuesday its first-quarter profit rose 77 percent on increased sales of both new equipment and replacement parts and services.

NEW YORK (AP) _ MasterCard's profit more than doubled in the first quarter as more customers outside the United States used their credit and debit cards for purchases.