Among the earnings stories for Thursday, May 7, from AP Financial News:
WESTCHESTER, Ill. (AP) TreeHouse Foods Inc. said that its profit spiked in the first quarter as revenue slipped but the food maker booked much lower expenses related to closing a Portland, Ore., pickle plant. MOUNTAIN VIEW, Calif. (AP) VeriSign Inc., which provides Internet infrastructure services, said it posted a first-quarter profit on a boost in revenue and lower expenses. EL SEGUNDO, Calif. (AP) International Rectifier Corp., which makes power management chips for satellites and aircraft, reported a wider fiscal third-quarter loss, hurt by revenue declines and big one-time charges. NEW YORK (AP) Allstate Corp. posted a big loss for the first quarter, reversing a year-ago profit, citing falling investment income and a lower number of insurance policies in force. CHELMSFORD, Mass. (AP) Brooks Automation Inc., which makes products for the semiconductor industry, reported Thursday that it lost $152.5 million in its fiscal second quarter of 2009, compared with a loss of $8.3 million a year ago, as revenue plunged 75 percent.- Loading Comments...
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