Earnings Roundup: Nelnet, Matrixx Initiatives

Among the earnings stories for Tuesday, May 12, from AP Financial News:

NEW YORK (AP) — Shares of Nelnet Inc. leapt after the student lender posted a strong profit for the first quarter, reversing a year-ago loss.

NEW YORK (AP) — Shares of Matrixx Initiatives Inc., which makes over-the-counter health care products, jumped after the company reported better-than-expected fiscal fourth-quarter profit.

NEW YORK (AP) — Russ Berrie and Co., which makes baby products, said its first-quarter profit fell 33 percent because of the global recession, but the company's CEO said he expects improvement during the second half of the year.

ALISO VIEJO, Calif. (AP) — Quest Software Inc.'s first-quarter results missed Wall Street expectations, hurt by cautious IT spending from business customers.