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Among the earnings stories for Friday, April 24, from AP Financial News:
ST. LOUIS (AP) — Arch Coal profits fell more than 60 percent in the first quarter with power demand from steelmakers and other manufacturers evaporating. The company warned Friday of a potentially "ugly, ugly year" and released guidance well below Wall Street expectations.
NEW YORK (AP) — Xerox Corp. met lowered expectations for first-quarter earnings Friday, but said slower spending on printing equipment and supplies continued to hurt sales, a trend the company projected to continue for at least the next few months. ...
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