Among the earnings stories for Thursday, May 8, from AP Financial News:
BRUSSELS, Belgium (AP) _ InBev SA, the brewer of Stella Artois and Beck's, posted an unexpected 11 percent drop in its first-quarter profit on Thursday, blaming rising costs for ingredients and shipping and weak sales in Brazil, where it does half its business.
FRANKFURT, Germany (AP) _ German reinsurance company Munich Re saw a 19 percent drop in first-quarter net profit on market losses and high disaster claims, the company said Thursday.
SEATTLE (AP) _ Expeditors International of Washington Inc. said Thursday its first-quarter earnings rose 12 percent on growth across its freight and brokerage businesses, but the results narrowly missed Wall Street's expectations.
HOUSTON (AP) _ Carrizo Oil & Gas Inc., which produces petroleum in Texas and Louisiana, said Thursday its first-quarter loss widened as one-time charges and expenses offset increased prices and record high revenue.
AMSTERDAM, Netherlands (AP) _ Unilever on Thursday reported a better-than-expected 34 percent rise in first-quarter profits, partly because of asset sales, and raised its full-year sales growth target.
Terms & Conditions
RSS Headlines
Fool UK