Earnings roundup: RehabCare, Open Text

Among the earnings stories for Wednesday, April 30, from AP Financial News:

ST. LOUIS (AP) _ RehabCare Group Inc. shares rose Wednesday, as the rehabilitation program operator reported better-than-expected first-quarter earnings and revenue, and forecast strong profit growth for the full year.

NEW YORK (AP) _ Shares of Open Text Corp. rose Wednesday as analysts praised the information technology company's fiscal third-quarter results, which narrowly beat Wall Street estimates.

NEW YORK (AP) _ Mall real estate investment trust General Growth Properties Inc. said its first-quarter funds from operations dropped nearly 55 percent, but beat Wall Street's expectations.

NASHVILLE, Tenn. (AP) _ Shares of HealthSpring Inc. jumped 11 percent Wednesday, after the health insurer reported first-quarter earnings which soundly beat Wall Street expectations and raised its outlook for the full year.

PARIS (AP) _ Alcatel-Lucent reported a fifth straight quarterly loss on Wednesday and braced investors for a bleak 2008 future, saying the telecommunication equipment market will be flat.

MEMPHIS, Tenn. (AP) _ Shares in electrical component maker Thomas & Betts Corp. fell Wednesday after the company released first-quarter earnings that fell below Wall Street expectations.

BERLIN (AP) _ German conglomerate Siemens AG said Wednesday that its second-quarter net profit slid 67 percent, weighed down by weaker performance in its major business projects, including a large number of turnkey projects that had accumulated since 2004.

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