Earnings roundup: Windstream, Public Storage

By Associated Press May 9, 2008 Comments (0)

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

LITTLE ROCK, Ark. (AP) _ Broadband services provider Windstream Corp. said Friday its first-quarter profit climbed 24 percent on customer growth.

GLENDALE, Calif. (AP) _ Public Storage said its first-quarter funds from operations improved, helped partly by favorable foreign currency exchange rates.

FRANKFURT, Germany (AP) _ German insurer Allianz SE said Friday first-quarter net profit fell 65 percent due to difficult market conditions as it wrote down $1.3 billion tied to the U.S. subprime crisis.

PLANO, Texas (AP) _ Movie theater operator Cinemark Holdings Inc. said Friday its first-quarter profit slid 96 percent as the prior-year benefited from a large gain on the sale of a part of its National CineMedia LLC investment.

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