Earnings Roundup: Harley-Davidson, Krispy Kreme

Among the earnings stories for Thursday, April 16, from AP Financial News:

NEW YORK (AP) — Harley-Davidson Inc. said Thursday it expects to cut up to 400 more jobs as it reported its first-quarter profit tumbled 37 percent due to a sluggish motorcycle market.

WINSTON-SALEM, N.C. (AP) — Krispy Kreme Doughnuts Inc. said Thursday it substantially narrowed its fiscal fourth-quarter loss, free of most of the impairment and lease termination costs that burdened its prior-year results.

HARTSVILLE, S.C. (AP) — Sonoco Products Co., which makes packaging products for consumer goods, said Thursday its first-quarter profit rose sharply, but adjusted results reflected a steep decline as the global recession eroded sales.

SUNNYVALE, Calif. (AP) — Intuitive Surgical Inc. said Thursday its profit shrank 37 percent in the first quarter as sales of its robotic da Vinci surgical system decreased, and some of the customers who did buy the system chose to defer payment.

VAN BUREN, Ark. (AP) — USA Truck Inc. on Thursday reported a slimmer first-quarter loss than a year earlier, as aggressive cost cuts partially offset a steep decline in revenue from fuel surcharges and deteriorating demand.

PITTSBURGH (AP) — PPG Industries Inc., which makes paint, coatings and chemicals, on Thursday reported a loss of $111 million in its first quarter due to a restructuring charge and weaker demand amid the global economic downturn.

SAN JOSE, Calif. (AP) — Fairchild Semiconductor International Inc. on Thursday posted a first-quarter loss on a drop in sales and hefty restructuring charges.

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