Among the earnings stories for Thursday, April 30, from AP Financial News: DALLAS (AP) ¿ Television station operator Belo Corp. posted a first-quarter profit Thursday, helped by a gain from repurchasing bonds. CINCINNATI (AP) ¿ With households around the globe cutting spending in the recession, consumer goods company Procter & Gamble Co. said Thursday that its profit fell nearly 4 percent in the fiscal third quarter. MARLBOROUGH, Mass. (AP) ¿ Drugmaker Sepracor Inc. said Thursday its profit jumped nearly fivefold in the first quarter as a large research and development charge came off its books. PITTSBURGH (AP) ¿ Generic drugmaker Mylan Inc. posted a larger-than-expected profit in the first quarter as revenue rose 13 percent. The company raised the low end of its profit forecast for the year. NEW YORK (AP) ¿ The Travelers Cos. reported on Thursday a 32 percent drop in first-quarter profit, primarily due to losses on its investments, and confirmed full-year guidance well below analysts' estimates.
MINNEAPOLIS (AP) ¿ Utility company Xcel Energy Inc. said Thursday its first-quarter profit rose 14 percent, driven by improved financial performance at its Southwestern Public Service Co., interim electric rates in Minnesota and improved fuel cost recovery in Wisconsin, offset somewhat by falling profits at Public Service Co. of Colorado. INDIANAPOLIS (AP) ¿ Cigna Corp. said Thursday its first-quarter profit more than tripled as it took a smaller hit from discontinued businesses, but the managed care company cut its 2009 outlook and forecast a slightly steeper medical enrollment drop. SANTA ANA, Calif. (AP) ¿ For-profit education company Corinthian Colleges Inc. said Thursday its quarterly profit more than doubled and beat Wall Street expectations as rising unemployment boosted student enrollment. NEW YORK (AP) ¿ Motorola Inc. defeated low expectations Thursday, posting a smaller first-quarter loss than Wall Street had expected and regaining its position as the world's fourth-largest maker of cell phones. NEW YORK (AP) ¿ Build-A-Bear Workshop Inc. reported a 1st-quarter loss on Thursday as weak mall traffic and lower demand for its customizable stuffed animals persisted.