Earnings roundup: Weyerhaeuser, CVS Caremark

Among the earnings stories for Tuesday, May 5, from AP Financial News:

NEW YORK (AP) _ Weyerhaeuser Co.'s first-quarter loss deepened as a near-dormant housing market knocked down sales of its lumber and wood panels.

NEW YORK (AP) _ CVS Caremark Corp. said Tuesday that charges and higher costs outweighed a boost in the drugstore operator's pharmacy sales, pushing first-quarter profit down slightly.

RALEIGH, N.C. (AP) _ Martin Marietta Materials Inc. said Tuesday that it posted a first-quarter loss on lower sales of its gravel and other road building materials.

NEW YORK (AP) _ Casino operator Wynn Resorts Ltd. reported a wider first-quarter loss than Wall Street expected on Tuesday after opening a new casino resort on the struggling Las Vegas Strip and seeing revenue slip at its property in Macau.

ST. LOUIS (AP) _ Archer Daniels Midland Co., a major corn and soybean processor and ethanol maker, said Tuesday its fiscal third-quarter profit tumbled an unexpectedly sharp 98 percent due to a drop in sales along with an unexpected tax payment and a loss on equity investments.

SAN ANTONIO (AP) _ Harte-Hanks Inc., a direct marketing and advertising company, on Tuesday reported a 48 percent decline in first-quarter profit after incurring higher-than-expected charges as revenue fell. But earnings beat expectations.

NORTH CANTON, Ohio (AP) _ Automated teller machines maker Diebold Inc. reported a sharp decline Tuesday in first-quarter earnings as it recorded a hefty charge related to a proposed settlement with federal regulators. It also plans to cut about 300 jobs, or about 1.7 percent of its work force.

CHICAGO (AP) _ Shares of FreightCar America Inc. plunged Tuesday after the railroad freight car maker reported first-quarter profit above analyst estimates, but its revenue widely missed expectations.

BETHESDA, Md. (AP) _ DiamondRock Hospitality Co., a real estate investment trust, on Tuesday reported its first-quarter results declined as both occupancy and room rates at its hotels continued to suffer in the economic downturn.

DALLAS (AP) _ Oil and gas developer Denbury Resources Inc. posted a first-quarter loss of $18.3 million on Tuesday after making a profit in the year-earlier period.