Among the earnings stories for Wednesday, July 23, from AP Financial News:
NEW YORK (AP) _ Shares of Anadigics Inc. sank Wednesday after the company reported better-than-expected earnings in the second quarter, but a disappointing third-quarter outlook, and an analyst downgraded the stock.
INDIANAPOLIS (AP) _ Rising medical costs helped knock down the second-quarter profit for health insurer WellPoint Inc., but investors lifted the company's stock Wednesday after it beat Wall Street expectations in a tough market.
MILAN, Italy (AP) _ Three big European mass-market carmakers _ Germany's Volkswagen, Italy's Fiat and France's Peugeot-Citroen _ staved off the impact of higher gas prices and skyrocketing raw materials costs to post higher profits Wednesday even amid growing economic uncertainty.
NEW YORK (AP) _ AT&T Inc.'s second-quarter financial results Wednesday indicated that the weak economy is catching up to the nation's largest telecommunications company, but investors were largely satisfied with what they saw.
MEMPHIS, Tenn. (AP) _ Electrical component maker Thomas & Betts Corp. on Wednesday said it earned a higher second-quarter profit as results were boosted by a gain on the sale of its minority interest in a company.
NEW YORK (AP) _ American consumers shying away from bottled water and soft drinks hurt PepsiCo's bottom line, but growth in its international and Frito-Lay snack businesses was strong enough to lead the company to a 9 percent rise in second-quarter profit.
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