Among the earnings stories for Tuesday, May 5, from AP Financial News: AKRON, Ohio (AP) ¿ FirstEnergy Corp., a regional electric utility, said its first-quarter profit fell 59 percent on higher costs. NEW YORK (AP) ¿ Shares of LeapFrog Enterprises Inc. fell after the educational toy maker reported a first-quarter loss that missed Wall Street estimates and revenue fell by nearly half. LAS VEGAS (AP) ¿ Casino operator Wynn Resorts Ltd. that it lost money in its first quarter partly because revenue and occupancy dropped at its Macau resort, and its adjusted earnings fell well short of analyst estimates. JACKSONVILLE, Fla. (AP) ¿ St. Joe Co., which develops real estate and owns land in Florida, posted a loss during the first quarter due to continued weakness in the real estate market and declining rural land sales. MILWAUKEE (AP) ¿ Molson Coors Brewing Co. its first-quarter profit more than doubled, though sales of its beers fell in its stronghold of Britain and stagnated in Canada.
NEW YORK (AP) ¿ Shares of Array BioPharma Inc. fell after the biotechnology company reported a wider fiscal third-quarter loss, mainly on a charge for a loss in auction rate securities. NORTH CANTON, Ohio (AP) ¿ Automated teller machines maker Diebold Inc. reported a sharp decline in first-quarter earnings as it recorded a hefty charge related to a proposed settlement with federal regulators. It also plans to cut about 300 jobs, or about 1.7 percent of its work force. CHARLOTTE, N.C. (AP) ¿ Specialty insurer and reinsurer Max Capital Group Ltd. posted a better-than-expected first-quarter profit, helped by strong performance of its underwriting businesses in Bermuda, Dublin, the U.S. and Lloyd's.