Earnings Roundup: Dynegy, Sara Lee

Among the earnings stories for Thursday, May 7, from AP Financial News:

HOUSTON (AP) — Dynegy said Thursday that its first-quarter loss more than doubled from a year ago as tumbling stock and power prices forced the company to write down its own market value. Dynegy also cut 2009 guidance for the third time.

MILWAUKEE (AP) — Food maker Sara Lee Corp. said Thursday that its fiscal third-quarter profit fell 22 percent as softness in its North American foodservice division and the stronger dollar pushed sales lower. Still, adjusted results beat Wall Street expectations.

EL SEGUNDO, Calif. (AP) — DirecTV Group Inc., the nation's largest satellite TV provider, said Thursday that its first-quarter profit dropped 46 percent as costs and expenses increased on promotions offered to draw in new customers and keep existing ones.

NEW YORK (AP) — Thomson Reuters Corp. said Thursday its first-quarter profit climbed 18 percent, mainly from the company's acquisition of Reuters last year.

MENTOR, Ohio (AP) — Medical products maker Steris Corp. said Thursday its fiscal fourth-quarter profit rose 7 percent as lower restructuring costs offset the revenue decline from lower demand.