Earnings roundup: Delphi, Iomega
By
Associated Press
May 9, 2008
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Among the earnings stories for Friday, May 9, from AP Financial News:
NEW YORK (AP) _ Auto parts maker Delphi Corp. reported Friday that it lost more money in the first quarter than it did a year ago, but that an expanded credit line will still allow it to emerge intact from bankruptcy protection.
SAN DIEGO (AP) _ Iomega Corp., a maker of data storage devices best known for the Zip drive, said Friday that its first-quarter profit rose, helped by climbing consumer products revenue.
WOODLANDS, Texas (AP) _ Biotechnology company Repros Therapeutics Inc. said Friday its first-quarter loss widened on higher spending for clinical development programs.
NEW YORK (AP) _ Biopharmaceutical company Progenics Pharmaceuticals Inc. Friday said that its first-quarter loss widened on higher research and development, as well as administrative costs.
COPPELL, Texas (AP) _ Mannatech Inc., which makes nutritional supplements and skin-care products, said Friday it swung to a first-quarter loss, hurt by weak sales in North America.
HOUSTON (AP) _ Stewart Information Services Corp., a real estate information and title insurance provider, said Friday its losses during the first quarter were larger than originally reported because of a previously missed charge of $4.6 million.