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Earnings roundup: Matsushita, RadioShack

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April 28, 2008

Among the earnings stories for Monday, April 28, from AP Financial News:

TOKYO (AP) -- Japanese electronics maker Matsushita's profit more than doubled in the January-March quarter, buoyed by strong sales of cell phones, flat-panel TVs and DVD players, the company said Monday.

FORT WORTH, Texas (AP) -- Electronics retailer RadioShack Corp. said Monday first-quarter profit fell 8.7 percent partly on Sprint postpaid wireless sales, but the results still topped analysts' estimates.

WELLINGTON, Fla. (AP) -- B/E Aerospace Inc. said Monday its first-quarter earnings soared 51 percent, led by expanding margins in its units that distribute aircraft hardware and make interior components for business jets.

ANN ARBOR, Mich. (AP) -- Industrial products maker Kaydon Corp. said Monday its first-quarter profit fell 9 percent on costs of expanding a Mexican bearing facility and moving part of its business.

GLENDALE, Calif. (AP) -- Pancake-house operator IHOP Corp. said Monday first-quarter net income fell 24 percent, due to costs related to an acquisition.

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