Earnings roundup: Novatel, Thomson Reuters

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

SAN DIEGO (AP) _ Consistent with its warning last month, wireless modem maker Novatel Wireless Inc. posted lower first-quarter sales Thursday, which dragged earnings down as well.

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.

HOUSTON (AP) _ Oil and gas exploration company EOG Resources Inc. said Thursday its first-quarter earnings rose 11 percent and beat Wall Street's expectations, as surging production was countered by a loss related to commodity values.

NEW YORK (AP) _ Health club operator Town Sports International Holdings Inc. said Thursday that it swung to a profit in the first quarter as debt charges came off the books.

FRAZER, Pa. (AP) _ Biotechnology company Cephalon Inc. said Thursday its first-quarter profit fell by half on higher costs, restructuring, and buyout charges.

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.

RESTON, Va. (AP) _ Internet data analysis provider comScore Inc. said Thursday its first-quarter profit surged 64 percent to top Wall Street expectations on strong subscription revenue and raised its sales outlook for the full year.

(This version CORRECTS headline for EOG Resources to indicate it beat expectations.)