Earnings roundup: Clear Channel, Thompson Creek

By Associated Press
May 9, 2008 | Comments (0)

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Among the earnings stories for Friday, May 9, from AP Financial News:

Top stories:

NEW YORK (AP) _ Clear Channel Communications Inc. reported Friday its first-quarter profit soared due to asset sales, an investment gain and higher revenue, but earnings from continuing operations were flat.

Other stories:

NEW YORK (AP) _ First-quarter profit of Thompson Creek Metals Co. Inc., a Canadian producer of molybdenum, slipped 2 percent, mostly because of a two-month lag in recording sales and expenses, the company said Friday.

PEABODY, Mass. (AP) _ Beacon Roofing Supply Inc. said Friday its fiscal second-quarter loss widened, hurt by a continued decline in residential construction activities in most markets.

THE WOODLANDS, Texas (AP) _ Specialty chemical company Huntsman Corp. said Friday its first-quarter profit tumbled 84 percent on costlier raw materials and feedstocks and dollar weakness.

SAN DIEGO, Calif. (AP) _ Wireless communications company Leap Wireless International Inc. said Friday its first-quarter loss narrowed on higher sales.

HOUSTON (AP) _ Dril-Quip Inc. said Friday its first-quarter earnings rose 6 percent on higher demand for its offshore drilling and production equipment, but the results still missed Wall Street's expectations.

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