Among the earnings stories for Tuesday, May 12, from AP Financial News:
MONTVALE, N.J. (AP) Great Atlantic & Pacific Tea Co. recorded a fiscal fourth-quarter loss as cash-strapped consumers pulled back spending at the supermarket. TARRYTOWN, N.Y. (AP) Biopharmaceutical company Progenics Pharmaceuticals Inc. said its first-quarter loss narrowed on a mix of higher revenue and lower development costs as it also cut jobs. DANVERS, Mass. (AP) Heart treatment products maker Abiomed Inc. said its fiscal fourth-quarter loss narrowed on lower overall expenses. NEW YORK (AP) Apparel maker Warnaco Group Inc. said its profit more than doubled in the first quarter from a year-ago period weighed by a hefty tax charge. NASHVILLE, Tenn. (AP) Casual dining chain O'Charley's Inc. said its fiscal first-quarter profit fell 31 percent as restaurant sales dropped on a continued consumer spending pullback. LOS ANGELES (AP) Development stage company Cougar Biotechnology Inc. said its first-quarter loss widened on higher research and development costs as the company continues late-stage studies of its potential prostate cancer treatment.- Loading Comments...
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