Earnings Roundup: Pulte, True Religion

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

Top stories:

UNDATED (AP) — Pulte Homes Inc. says its first-quarter loss improved versus a year ago as the homebuilder cut costs and absorbed smaller losses from declining values of its land and other assets.

Other stories:

VERNON, Calif. (AP) — Jeans maker True Religion Apparel Inc. reported better-than-expected first-quarter profit and sales, sending shares up nearly 7 percent in aftermarket trading.

NEW YORK (AP) — CVS Caremark Corp. raised its full-year profit forecast, saying it expects greater revenue for its pharmacy benefits management business and the operations of Longs Drugs are performing well.

WESTLAKE VILLAGE, Calif. (AP) — ValueClick Inc., an online advertising company, reported a 31 percent drop in first-quarter profit as revenue fell. But results still beat analysts' expectations.

AKRON, Ohio (AP) — FirstEnergy Corp., a regional electric utility, said its first-quarter profit fell 59 percent on higher costs.

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 curbed patient admissions.

LAS VEGAS (AP) — Casino operator Las Vegas Sands Corp. said its first-quarter loss widened compared with a year earlier as revenue stagnated and expenses rose, but the results were slightly better than Wall Street expected.