Earnings Roundup: Avon, MillerCoors

Among the earnings stories for Tuesday, May 5, from AP Financial News:

NEW YORK (AP) — Avon Products Inc. on Tuesday said its first-quarter profit fell 36 percent, due to significant foreign exchange pressures and the impact of the global recession.

DENVER (AP) — Molson Coors Brewing Co. and SABMiller PLC said Tuesday that the first-quarter profit for their U.S. joint venture MillerCoors LLC rose 51 percent as sales of Coors Light and other brands were helped by higher prices and fewer promotions.

BALTIMORE (AP) — Legg Mason Inc. said Tuesday its fiscal fourth-quarter loss widened as the asset manager eliminated exposure to risky investment products. But the company's results still beat analysts' expectations.

NEW YORK (AP) — Teva Pharmaceutical Industries Ltd., the world's largest generic drug developer, said Tuesday its first-quarter profit more than tripled on higher generic drug sales and the addition of Barr Pharmaceutical products.