Among the earnings stories for Tuesday, May 13, from AP Financial News:
SANTA CLARA, Calif. (AP) _ Chip manufacturing equipment maker Applied Materials Inc. said Tuesday its fiscal second-quarter earnings fell 27 percent on a decline in new orders, but the results still matched Wall Street's expectations.
NEW YORK (AP) _ Petroleum Development Corp. said Tuesday it swung to a first-quarter loss, mainly as a result of a $39.9 million charge related to derivatives.
NEW YORK (AP) _ Shares of U.S. Shipping Partners LP lost more than a quarter of their value Friday, after the petroleum and chemical shipper said it swung to a first-quarter loss, hurt by slipping charter rates and longer idle periods due to waning demand.
NEW YORK (AP) _ Shares of Tercica Inc. fell to their lowest price in almost two years Tuesday after the biopharmaceutical company posted disappointing first-quarter results, including weak sales of key drugs and higher expenses.
MADRID, Spain (AP) _ Spain's Repsol YPF became the latest oil company to post fat profits from soaring crude prices, reporting Tuesday that first-quarter profits jumped 37 percent.
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