Among the earnings stories for Wednesday, May 7, from AP Financial News:
NEW YORK (AP) _ Marsh & McLennan lost money in the first quarter as the insurance broker's corporate security business suffered a fundamental deterioration in value, the company said Wednesday.
STOCKHOLM, Sweden (AP) _ Swedish construction company Skanska AB on Wednesday posted a 46 percent gain in first-quarter profit, boosted mainly by stronger sales and a gain from a stake sale in a project.
FORT WORTH, Texas (AP) _ Natural gas and oil producer Quicksilver Resources Inc. said Wednesday its first-quarter profit jumped 85 percent on increased production and higher selling prices.
ALISO VIEJO, Calif. (AP) _ Valeant Pharmaceutical International on Wednesday said that its first-quarter profit edged up slightly, though adjusted for continuing operations, the specialty pharmaceutical company posted a loss, missing Wall Street expectations.
STAMFORD, Conn. (AP) _ L-1 Identity Solutions Inc. said Wednesday that its first-quarter loss narrowed, helped by revenue that rose about 66 percent with strength in its secure credentialing business.
NEW YORK (AP) _ Shares of SRA International Inc. plunged after the information technology consultant posted a fiscal third-quarter profit below Wall Street estimates and cut its full-year guidance.
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