Earnings roundup: DryShips posts loss on charge

Among the earnings stories for Friday, May 1, from AP Financial News:

NEW YORK (AP) _ Greek drybulk shipper DryShips Inc. posted a first-quarter loss driven by a one-time charge of $166.2 million related to contract termination fees and forfeiture of vessel deposits.

DETROIT (AP) _ Auto parts supplier American Axle & Manufacturing Holdings Inc. on Friday posted a wider first-quarter loss as production cuts at automakers sent its sales tumbling.

WASHINGTON (AP) _ Shares of Triumph Group Inc. rose Friday after the aircraft-parts maker said its fiscal fourth-quarter earnings and sales jumped, handily beating Wall Street expectations.

NEW YORK (AP) _ Brookfield Properties Corp., a real estate investment trust, said Friday that its first-quarter funds from operations improved slightly on some new leases and lease renewals.

NEW YORK (AP) _ Consolidated Edison Inc. on Friday reported first-quarter profit fell 41 percent, as the utility had a lower return on equity for New York's electric service.