Earnings Roundup: A&P, Progenics Pharma

Stock quotes in this article: ABMD , CGRB , CHUX , GAP , PGNX , WRC  

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.

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Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.




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