Earnings roundup: Horizon Lines, Moog

Among the earnings stories for Friday, April 24, from AP Financial News:

CHARLOTTE, N.C. (AP) _ Shipping, trucking, and logistics firm Horizon Lines Inc. said on Friday it lost $10 million during its first quarter on a combination of volume declines and antitrust legal expenses.

EAST AURORA, N.Y. (AP) _ Moog Inc., a supplier of precision control systems, reported a 17 percent drop in second-quarter earnings Friday on reduced sales in its industrial systems segment.

JOHNS CREEK, Ga. (AP) _ Trucking company Saia Inc. said it lost $6.3 million in the first quarter as shipping tonnage and pricing pressure more than offset savings from cheaper fuel.

COLUMBUS, Ohio (AP) _ American Electric Power said Friday that its first quarter earnings fell 37 percent as the weak economy has hurt demand for electricity, especially among its industrial customers where usage fell 15 percent.

WESTBROOK, Maine (AP) _ Diagnostic and health care product company Idexx Laboratories Inc. said Friday its profit slipped 5 percent in the first quarter as the global recession and the stronger dollar hurt sales.

LATROBE, Pa. (AP) _ Kennametal Inc., which makes metal-cutting tools and highway construction equipment, said Friday it lost $138 million in its fiscal third quarter as the global economic slowdown hurt demand for its products and it absorbed hefty one-time charges.