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Earnings roundup: Chevron, Consolidated Edison

By Associated Press May 2, 2008

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Among the earnings stories for Friday, May 2, from AP Financial News:

SAN RAMON, Calif. (AP) _ Coming off four straight years of record earnings, Chevron Corp. cashed in on soaring oil prices to begin 2008 with the most profitable first quarter in its history.

NEW YORK (AP) _ Consolidated Edison Inc. reported higher first-quarter net income Friday, but profit from continuing operations declined because of costs to settle a 2006 power outage, warm winter weather and increased expenses.

BISMARCK, N.D. (AP) _ Energy and construction company MDU Resources Group Inc. said Friday its first-quarter profit jumped by more than half as strong performance in its oil, natural gas, and power divisions offset weakness at its construction business.

MOUNTAIN VIEW, Calif. (AP) _ Hansen Medical Inc., which makes medical robotic technology used with catheters, said Thursday its first-quarter loss widened on higher expenses.

CHARLES TOWN, W.Va. (AP) _ Online education company American Public Education Inc. said Friday its first-quarter profit more than doubled, beating Wall Street's expectations.

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DocumentId: 636428, ~/articles/articlehandler.aspx, 5/17/2008 6:49:52 AM

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