Earnings roundup: Countrywide, Archer Daniels Midland
Among the earnings stories for Tuesday, April 29, from AP Financial News:
Top stories:
CALABASAS, Calif. (AP) -- Countrywide Financial says it lost $893 million during the first quarter due to a sharp increase in its provision for loan losses.
CHAMPAIGN, Ill. (AP) -- Archer Daniels Midland says its fiscal third-quarter profits rose 42 percent as the agricultural processor took advantage of a volatile commodities market.
Other Stories:
NEW YORK (AP) -- Cosmetics company Avon Products Inc. said Tuesday its first-quarter profit rose 23 percent as international sales, particularly in Latin America, offset declining North American revenue.
FORT WORTH, Texas (AP) -- Burlington Northern Santa Fe Corp. said Tuesday that its first-quarter earnings jumped 30 percent on more rail shipments of farm products and coal, as well as larger fuel surcharges.
SOUTHFIELD, Mich. (AP) -- Automotive interior product maker Lear Corp. said Tuesday its first-quarter earnings soared 57 percent in comparison to a year-ago period weighed down by a slew of one-time charges.
NEW YORK (AP) -- TheStreet.com Inc. said Tuesday its first-quarter earnings fell 22 percent due to rising expenses as the online financial media company undergoes initiatives to revamp its main Web site, TheStreet.com, and launch MainStreet.com.
LIMERICK, Pa. (AP) -- Commercial equipment manufacturer Teleflex Inc. on Tuesday posted a decline in first-quarter profit, as hefty charges for an acquisition tugged down earnings.
PISCATAWAY, N.J. (AP) -- Trane Inc., which makes heating, cooling and ventilation systems, said Tuesday its first-quarter earnings fell from a year-ago period which included income from its now-divested bath, kitchen and vehicle controls segments.
