Earnings roundup: China bank ICBC, Scandinavian carrier SAS

Among the earnings stories for Tuesday, April 29, from AP Financial News:

BEIJING (AP) -- Industrial & Commercial Bank of China Ltd., the nation's biggest commercial lender, said Tuesday its first-quarter profit soared 77 percent on strong growth in lending and fee income.

STOCKHOLM, Sweden (AP) -- Scandinavian airline group SAS AB on Tuesday posted a wider first-quarter loss of $181 million, hurt by higher fuel expenses and growing competition, and said it would cut 1,000 jobs to lower costs.

CAMBRIDGE, Mass. (AP) -- Biopharmaceutical company Idenix Pharmaceuticals Inc. said Tuesday its first-quarter loss widened because of a decrease in reimbursements for research and development costs and a lack of milestone payments received in the quarter.

LAS VEGAS (AP) -- Shares of Allegiant Travel Co., which operates an airline marketed to leisure travelers in small cities, soared Tuesday after it posted a flat first-quarter profit hurt by a jump in fuel prices, but beat Wall Street predictions.

NEW YORK (AP) -- Shares of Cognex Corp. rose Monday morning, a day after the company said its first-quarter earnings grew 85 percent largely on higher sales in its factory automation segment.