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Earnings Roundup: DryShips Posts Loss On Charge

The Associated Press

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

NEW YORK (AP) — Shares of General Cable Corp., surged Friday after the electrical equipment maker beat first-quarter earnings forecasts and offered an optimistic outlook for the second quarter.

NEW YORK (AP) — HMS Holdings Corp., which provides cost recovery services to government health care programs, on Friday posted an 80 percent jump in first-quarter profit that handily beat Wall Street estimates.

DENVER (AP) — Apartment Investment and Management Co. said Friday that its first-quarter funds from operations declined partly due to lower occupancy. The apartment operator slashed its quarterly dividend by 60 percent.