Among the earnings stories for Thursday, May 8, from AP Financial News:
SUMMIT, N.J. (AP) _ Biotechnology company Celgene Corp. said Thursday it swung to a loss in the first quarter, hurt by in-process research and development costs related to an acquisition.
LOS ANGELES (AP) _ Warner Music Group Corp., whose artists include R.E.M., Madonna and Green Day, said Thursday that higher costs and a shift to digital music resulted in a wider second-quarter loss and it suspended dividends.
HOUSTON (AP) _ Independent oil and gas company Linn Energy LLC said Thursday its first-quarter loss widened on a higher loss on oil and gas derivatives.
ROSEMEAD, Calif. (AP) _ Power producer Edison International said Thursday its first-quarter profit fell even as revenue grew because of a tax benefit last year.
COEUR D'ALENE, Idaho (AP) _ Radiology services provider NightHawk Radiology Holdings Inc. said Thursday its first-quarter profit plunged on severance payments and costs to search for a new chief financial officer.
FOOTHILL RANCH, Calif. (AP) _ Kaiser Aluminum Corp., which makes fabricated aluminum products, said Thursday its first-quarter profit more than doubled on gains from hedging.
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