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Earnings roundup: Comcast, Exxon Mobil

By Associated Press May 1, 2008

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Among the earnings stories for Thursday, May 1, from AP Financial News:

PHILADELPHIA (AP) _ Promotional offers and higher cable television spending fueled the first-quarter profits of Comcast Corp., which showed limited effects from an economic slowdown.

HOUSTON (AP) _ Exxon Mobil Corp., the world's largest publicly traded oil company, said Thursday that record crude prices helped its first-quarter profit climb 17 percent to $10.9 billion _ the second-biggest U.S. quarterly corporate profit ever.

ROCHESTER, N.Y. (AP) _ Eastman Kodak Co. said Thursday its first-quarter loss narrowed to $115 million as it battles for a bigger slice of digital photography after navigating a drastic, four-year overhaul. The results still missed Wall Street expectations and its stock fell more than 5 percent.

NEW YORK (AP) _ Thomson Reuters Corp., a newly combined provider of business and legal information, forecast revenue growth between 6 percent and 8 percent for the year Thursday, despite turmoil in the U.S. financial sector.

BRAINTREE, Mass. (AP) _ Blood collection and processing systems maker Haemonetics Corp. said Thursday higher costs and fewer gains drove its fiscal 2008 fourth-quarter earnings down 30 percent to miss Wall Street expectations.

NEW YORK (AP) _ Canada-based auto supplier Magna International Inc. said Thursday its first-quarter profit fell 5 percent, on a drop in North American production sales.

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DocumentId: 635351, ~/articles/articlehandler.aspx, 5/17/2008 2:14:35 AM

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