Among the earnings stories for Monday, May 12, from AP Financial News:
SANTA ANA, Calif. (AP) _ Fuel Systems Solutions Inc. on Monday said its first-quarter profit ballooned more than sixfold to widely beat Wall Street expectations, and raised its full-year guidance.
NEW YORK (AP) _ Chinese solar wafer maker LDK Solar Co. Ltd. said Monday its first-quarter profit edged higher on increased sales, although its tax bill also rose sharply.
BURLINGTON, Mass. (AP) _ Nuance Communications Inc., which makes software that incorporates information into digital applications, said late Monday its fiscal second-quarter loss widened due to several hefty one-time charges.
HOUSTON (AP) _ Engineering and construction services provider McDermott International Inc. said Monday its first-quarter profit fell 22 percent due to weather-related downtime in its offshore oil and gas construction segment and fewer project close-outs, change orders and settlements.
AGOURA HILLS, Calif. (AP) _ DTS Inc., which makes audio parts for speakers, DVD players and computers, said Monday it swung to a first-quarter profit, crediting a jump in demand for high definition products.
MINNEAPOLIS (AP) _ ShopNBC said Monday that it expects to report a fiscal first-quarter loss as the period as consumers reduced discretionary spending.
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