Earnings roundup: Eastman Chemical, Digital River

Among the earnings stories for Friday, Jan. 30, from AP Financial News:

NEW YORK (AP) _ Shares of Eastman Chemical Co. fell Friday after the company said it swung to a fourth-quarter loss as sales plunged amid a steep drop in demand.

NEW YORK (AP) _ Shares of Digital River Inc., an e-commerce software service provider, surged Friday after the company posted better-than-expected earnings and revenue for the fourth quarter.

WASHINGTON (AP) _ Honeywell International Inc.'s quarterly earnings rose 2.6 percent, helped by lower costs that offset weaker sales in most of its divisions.

WAUKEGAN, Ill. (AP) _ WMS Industries Inc. said its fiscal second-quarter profit surged 48 percent, helped by increased shipments and improved average selling price.

INDIANAPOLIS (AP) _ Simon Property Group Inc., the largest shopping mall owner and operator in the U.S., said Friday its fourth-quarter funds from operations edged up more 6.5 percent, just beating Wall Street's expectations, as it benefited from aggressive cost control measures and significantly reduced development spending.

ATLANTA (AP) _ Asset manager Invesco Ltd. said Friday its net income fell 82 percent in the fourth quarter, hurt by the market meltdown.

ST. LOUIS (AP) _ Coal-producer Arch Coal Inc. said Friday its fourth-quarter earnings slid but still beat Wall Street's expectations despite a softening U.S. coal market that has Arch now expecting to cut its domestic production this year.

HOUSTON (AP) _ Exxon Mobil Corp. on Friday reported a profit of $45.2 billion for 2008, breaking its own record for a U.S. company, even as its fourth-quarter earnings fell 33 percent from a year ago.