Earnings roundup: HP, LTX

Among the earnings stories for Tuesday, May 20, from AP Financial News:

Top stories:

SAN FRANCISCO (AP) _ Strong demand outside the United States for Hewlett-Packard Co.'s computers, printers and other products widened its profit margin in its second quarter, but investors worry the trend will break as HP digests Electronic Data Systems Corp. this year.

Other stories:

NORWOOD, Mass. (AP) _ Chip testing company LTX Corp. said Tuesday it swung to a third-quarter profit on higher sales.

DALLAS (AP) _ Palm Harbor Homes Inc., which produces factory-built homes, on Tuesday reported a wider 2008 fiscal fourth-quarter loss on restructuring charges for the closing of three factories and 18 retail centers as the housing market continues its slump.

NEW YORK (AP) _ Apparel maker Phillips-Van Heusen Corp. said Tuesday its fiscal first-quarter profit fell 12 percent, hurt by start-up costs related to new business, but results beat Wall Street expectations.

NORWOOD, Mass. (AP) _ Chip maker Analog Devices Inc. said Tuesday its fiscal second-quarter profit rose 6.2 percent on higher sales of analog products, beating analyst estimates.

NEW YORK (AP) _ Greek shipper OceanFreight Inc. said Tuesday it swung to a profit in the first quarter, beating analyst expectations and sending shares higher after hours.