Earnings Roundup: News Corp, Cisco

Among the earnings stories for Wednesday, May 6, from AP Financial News:

LOS ANGELES (AP) — News Corp., the media conglomerate controlled by billionaire Rupert Murdoch, said its third-quarter profit grew 1 percent as one-time gains offset big drops at its television and newspaper businesses.

NEW YORK (AP) — Cisco Systems Inc. said that earnings fell 21 percent in its latest quarter, but the profit comfortably beat Wall Street expectations amid signs that the market is stabilizing.

DES MOINES, Iowa (AP) — Insurance and investment company Prudential Financial Inc. posted its eighth consecutive quarter of losses.

CUPERTINO, Calif. (AP) — Security software maker Symantec Corp. reported a loss for its fiscal 2009 fourth quarter, hurt by a hefty goodwill impairment charge and lower-than-expected revenue.

PHOENIX (AP) — ON Semiconductor Corp. posted a first-quarter loss as sales dropped 10 percent amid an industrywide chip slump and a major restructuring at the company. But sales came in above Wall Street's targets, and a much-higher-than-expected forecast boosted shares.