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Earnings roundup: Pan American, Diana Shipping

By Associated Press May 14, 2008 Comments (0)

1 Recommendation

Among the earnings stories for Wednesday, May 14, from AP Financial News:

NEW YORK (AP) _ Mining company Pan American Silver Corp. said Wednesday its first-quarter profit jumped 47 percent on higher production and increased silver prices.

NEW YORK (AP) _ Diana Shipping Inc., a Greek owner of drybulk ships, said Wednesday its first-quarter earnings more than doubled as it expanded its fleet and took advantage of soaring charter rates.

VOORHEES, N.J. (AP) _ American Water Works Co. said it swung to a first-quarter loss, but reported a profit after adjusting results for a hefty one-time impairment charge.

SAN DIEGO (AP) _ Fast food chain Jack in the Box Inc. said Wednesday its second-quarter profit dipped 3 percent due partly to higher commodity costs and a drop in interest income.

BRUSSELS, Belgium (AP) _ ArcelorMittal SA, the world's largest steelmaker, said Wednesday that profit climbed 5 percent in the first quarter to $2.37 billion as strong worldwide demand allowed it to hike prices despite higher costs.

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