Earnings Roundup: Atlas Air, Cognizant

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

PURCHASE, N.Y. (AP) — Cargo hauler Atlas Air Worldwide Holdings Inc. reported a first-quarter profit of $23.4 million after losing money during the same period last year.

TEANECK, N.J. (AP) — Cognizant Technology Solutions Corp. topped expectations with first-quarter results and an upbeat forecast for the June quarter.

NEW ORLEANS (AP) — PetroQuest Energy Inc., an independent petroleum exploration and production company, posted a first-quarter loss driven by a hefty write-down related to deteriorating natural gas prices.

LOS ANGELES (AP) — Health insurer Health Net Inc. said it swung to a first-quarter profit on gains from premiums and government contracts.

NEW YORK (AP) — Casino operator Wynn Resorts Ltd. reported a wider first-quarter loss than Wall Street expected after opening a new casino resort on the struggling Las Vegas Strip and seeing revenue slip at its property in Macau.

SANFORD, N.C. (AP) — The Pantry Inc., a convenience store chain in the Southeastern U.S., said that it swung to a second-quarter profit as it benefited from buying back about $26 million of its own bonds.

NEW YORK (AP) — Weyerhaeuser Co.'s first-quarter loss widened as a near-dormant housing market strangled sales of its lumber and panels.

INDIANAPOLIS (AP) — A debt swap and expense reductions helped push Tenet Healthcare Corp. to a first-quarter profit, but the hospital operator said the slumping economy nibbled at patient admissions.