Among the earnings stories for Thursday, May 1, from AP Financial News:
Top stories:
ROCHESTER, N.Y. (AP) _ Eastman Kodak Co. said Thursday its first-quarter loss narrowed to $115 million as it chases a bigger stake in digital photography.
WOONSOCKET, R.I. (AP) _ CVS Caremark Corp., the nation's biggest pharmacy chain, said its first-quarter profit jumped 84 percent, helped by surging sales in the wake of last year's purchase of Caremark.
Other stories:
TOLEDO, Ohio (AP) _ Glassware maker Libbey Inc. said Thursday its first-quarter loss widened on increased input costs and an unfavorable mix of sales.
NASHVILLE, Tenn. (AP) _ Gaylord Entertainment Co. said Thursday it swung to a first-quarter loss because of an impairment charge and increased preopening costs.
BELOIT, Wis. (AP) _ Regal Beloit Corp., which makes motion control and power generation products, said Thursday first quarter profit grew 20 percent as higher generator and industrial sales boosted revenue in the company's biggest division.
HOUSTON (AP) _ Exxon Mobil Corp., the world's largest publicly traded oil company, said Thursday record crude prices helped its net income grow 17 percent in the first quarter, but the results came in below Wall Street forecasts.
SANTA ANA, Calif. (AP) _ First American Corp., a business information and analytics provider, said Thursday its first-quarter earnings fell 65 percent, due to declines in the mortgage and real estate markets.
MERRIMACK, N.H. (AP) _ PC Connection Inc. said Thursday that its first-quarter profit rose 41 percent, as rising sales in several categories _ including software and video, imaging and sound _ more than offset a decline in notebook and PDA sales.
PRINCETON, N.J. (AP) _ Drug development services company PharmaNet Development Group Inc. said Thursday it swung to a first-quarter loss, citing continued contract cancellations.
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