Earnings Roundup: Charter Comm., Smart Balance

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

NEW YORK (AP) — Cable TV operator Charter Communications Inc. said Thursday that its first-quarter loss narrowed, helped by increased revenue from telephone and high-speed Internet services.

PARAMUS, N.J. (AP) — Smart Balance Inc., which makes butter-like spreads, said Thursday it moved to a first-quarter profit as it gained share in its core market, and its results beat analyst expectations.

PHILADELPHIA (AP) — Oil refiner Sunoco Inc. said that despite a drop off in demand, it posted a first-quarter profit due to leaner operations.

NEW YORK (AP) — Warner Music Group Corp. said Thursday that its losses widened in its second fiscal quarter as the company booked some one-time charges and its revenue suffered from a light music release schedule.

NASHVILLE, Tenn. (AP) — Brookdale Senior Living Inc. reported a smaller third-quarter loss Thursday that easily beat analysts' estimates as the nation's largest provider of senior-care facilities lowered costs and increased revenue.

STAMFORD, Conn. (AP) — World Wrestling Entertainment Inc. said Thursday that its first-quarter profit fell 47 percent, mainly due to the timing of a "WrestleMania" event whose revenue will be included in the sports entertainment company's second quarter.

NASHVILLE, Tenn. (AP) — Corrections Corp. of America, which designs, builds and manages prisons, jails and detention facilities, reported Thursday that first-quarter profit slid 1 percent as higher expenses offset revenue growth.