Earnings roundup: Whole Foods, Electronic Arts
By
Associated Press
May 13, 2008
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Among the earnings stories for Tuesday, May 13, from AP Financial News:
Top stories:
AUSTIN, Texas (AP) _ Whole Foods Market Inc. said Tuesday that sales surged in the second quarter but absorbing the Wild Oats chain it bought last year caused profit to sag by 13 percent.
NEW YORK (AP) _ Video game publisher Electronic Arts Inc. posted a wider fiscal fourth-quarter loss on a slew of charges Tuesday, but adjusted results fueled by strong game sales beat Wall Street's expectations.
Other stories:
GERMANTOWN, Md. (AP) _ MiddleBrook Pharmaceuticals Inc. said Tuesday its first-quarter loss widened slightly as a hefty charge for warrant expenses outweighed a sharp downturn in operating expenses.
BEDFORD, Mass. (AP) _ Insulet Corp., which makes an insulin delivery system, said Tuesday its net loss widened in the first quarter as expenses outpaced a surge in revenue.
BROOKFIELD, Conn. (AP) _ Photronics Inc., which makes photomasks used in manufacturing semiconductors and flat panel displays, said Tuesday it swung to a fiscal second-quarter loss on tough comparisons to a prior-year period boosted by a tax settlement.
NEW YORK (AP) _ Doral Financial Corp.'s loss narrowed in the first quarter as the Puerto Rican bank paid less to raise cash for loans, the company said Tuesday.