Earnings Roundup: Caterpillar, Bank Of New York

Among the earnings stories for Tuesday, April 21, from AP Financial News:

PITTSBURGH (AP) — Caterpillar Inc., the world's largest maker of construction and mining equipment, on Tuesday reported a first-quarter loss compared with a year-ago profit, hurt by a big charge for layoffs and sharp sales declines across the globe.

NEW YORK (AP) — Bank of New York Mellon Corp. said Tuesday that its first-quarter profit dropped an unexpectedly steep 57 percent and that it was slashing its dividend in hopes of repaying a government investment.

MILWAUKEE (AP) — Coca-Cola Co., the world's largest beverage maker, said Tuesday that its first-quarter profit fell 10 percent on restructuring charges and write-downs but the results met analysts' estimates.

PAOLI, Pa. (AP) — Ametek Inc., a manufacturer of electric motor and aircraft monitoring equipment, said Tuesday its first quarter profit fell 11 percent due to a big drop in sales, but the company met Wall Street estimates by cutting costs.

LEXINGTON, Ky. (AP) — Lexmark International Inc., which provides printing services to businesses, said Tuesday it will cut 360 jobs and close one factory, as first-quarter income fell 42 percent on weak demand.

NEW YORK (AP) — Coach Inc. on Tuesday said profit fell 29 percent in the fiscal third quarter, as sales were nearly flat as the economy sputtered and the company implemented a cost-saving plan.