Among the earnings stories for Monday, May 19, from AP Financial News:
Top stories:
CAMDEN, N.J. (AP) _ The Campbell Soup Co. says its profit climbed in the third quarter as it completed the sale of its Godiva Chocolatier brand. But profit fell if the impact of the Godiva sale is excluded.
Other stories:
CHARLOTTE, N.C. (AP) _ Lowe's Cos., the nation's second biggest home improvement retailer, reported a 17.9 percent drop in first-quarter earnings and lowered its guidance for the year on Monday as the slumping U.S. housing market and softer economy hurt sales. Its shares fell more than 3 percent in morning trading.
SAN JOSE, Calif. (AP) _ Industrial control systems and software maker Echelon Corp. said Monday its first-quarter loss widened due to a decline in revenue from networked energy services customers.
READING, Pa. (AP) _ EnerSys Inc., which makes industrial batteries, said Monday it expects fiscal fourth-quarter earnings to leap 84 percent from a year ago, predicting improved sales offset rising commodity costs.
NEW YORK (AP) _ Chinese financial software developer Longtop Financial Technologies Ltd. said Monday its fiscal fourth-quarter profit and sales surged as the company grew and diversified its customer base.
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