Earnings Roundup: United Technologies, NYT Co.

 

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

HARTFORD, Conn. (AP) — United Technologies Corp. said Tuesday its first-quarter profit fell 28 percent as the industrial conglomerate coped with falling orders at most of its businesses.

The New York Times Co. fell into a deeper financial hole during the first quarter as the newspaper publisher's advertising revenue plunged 27 percent in an industrywide slump that is reshaping the print media. Its shares dived Tuesday.

OMAHA, Neb. (AP) — Online brokerage TD Ameritrade Holding Corp. says its second-quarter profit dropped 29 percent because of lower asset-based revenue, but the results were in line with Wall Street expectations.

COLUMBUS, Ohio (AP) — Regional bank Huntington Bancshares Inc. says it lost $2.4 billion in its first quarter, largely because of a $2.6 billion charge associated with troubled mortgages inherited through a merger.

ENGLEWOOD, Colo. (AP) — Western Union Co. said Tuesday that its profit climbed 8 percent in the first quarter after a hefty restructuring charge weighed down prior-year results.

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