Earnings Roundup: Fannie Mae, Colfax

Among the earnings stories for Friday, May 8, from AP Financial News:

WASHINGTON (AP) — Fannie Mae issued a grave warning about its future, saying it needs $19 billion in additional government aid as job losses grow and risky loans made during the housing boom go bad at an unnerving pace.

RICHMOND, Va. (AP) — Pump and valve manufacturer Colfax Corp. said its first-quarter earnings fell slightly as the global economic downturn eroded demand for its products. The company also cut its outlook for the year.

NEW YORK (AP) — Shares of Fuel Systems Solutions Inc. jumped a day after it said first quarter earnings rose 15 percent and reaffirmed its 2009 sales expectations.

HOUSTON (AP) — Natural gas transportation company El Paso Pipeline Partners LP said its first-quarter profit jumped 67 percent due in part to recent acquisitions.

NEW YORK (AP) — Six Flags Inc. said that its losses narrowed only slightly in its seasonally weak first quarter, as the theme park operator's revenue was hurt by a later Easter holiday, a weaker Mexican peso and reduced international fees.

HOUSTON (AP) — Dril-Quip Inc., which makes offshore drilling equipment, said its first-quarter earnings slipped 3 percent, hurt by lower revenue from rig and surface equipment.

SAN DIEGO (AP) — Biopharmaceutical company Halozyme Therapeutics Inc. posted a wider first-quarter loss due to higher research and development spending.