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Earnings Roundup: Belo, Procter & Gamble

Among the earnings stories for Thursday, April 30, from AP Financial News:

DALLAS (AP) ¿ Television station operator Belo Corp. posted a first-quarter profit Thursday, helped by a gain from repurchasing bonds.

CINCINNATI (AP) ¿ With households around the globe cutting spending in the recession, consumer goods company Procter & Gamble Co. said Thursday that its profit fell nearly 4 percent in the fiscal third quarter.

MARLBOROUGH, Mass. (AP) ¿ Drugmaker Sepracor Inc. said Thursday its profit jumped nearly fivefold in the first quarter as a large research and development charge came off its books.

PITTSBURGH (AP) ¿ Generic drugmaker Mylan Inc. posted a larger-than-expected profit in the first quarter as revenue rose 13 percent. The company raised the low end of its profit forecast for the year.

NEW YORK (AP) ¿ The Travelers Cos. reported on Thursday a 32 percent drop in first-quarter profit, primarily due to losses on its investments, and confirmed full-year guidance well below analysts' estimates.
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