Earnings roundup: GMAC, Belo

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

Top stories:

NEW YORK (AP) _ GMAC Financial Services said Tuesday its first-quarter loss widened as its automotive finance business weakened _ though results improved slightly in its struggling mortgage operations.

Other Stories:

DALLAS (AP) _ Broadcasting operator Belo Corp. said Tuesday that it swung to a loss in the first quarter after accounting for the spin-off of four newspapers. Revenue fell due to weaker demand for advertising time.

LONG BEACH, Calif. (AP) _ HCP Inc. said its first-quarter funds from operations improved on fewer charges.

NEW YORK (AP) _ Martha Stewart Living Omnimedia Inc. reported a narrower first-quarter loss on Tuesday, helped by improved revenue in its publishing and broadcasting divisions.

PLANO, Texas (AP) _ Information technology services provider Perot Systems Corp. said Tuesday that its first-quarter profit rose as revenue in its health care segment increased.

CHARLOTTE, N.C. (AP) _ Auto retailer Sonic Automotive Inc. said Tuesday its first-quarter profit tumbled 29 percent because of soft consumer demand for new vehicles.

ST. LOUIS (AP) _ Energizer Holdings Inc.'s profit sagged 9 percent in its fiscal second quarter as retailers facing a sluggish economy let their inventories fall, the battery maker said Tuesday.

DALLAS (AP) _ Tuesday Morning Corp., a closeout retailer of furniture and housewares, said Tuesday it swung to a loss in the fiscal third quarter, hurt by the continued slump in the home furnishings sector.

WESTLAKE VILLAGE, Calif. (AP) _ Shoe retailer K-Swiss Inc. on Tuesday posted a sharply lower first-quarter profit, as a slight rise in international sales couldn't offset a drop in domestic sales and rising costs.