Among the earnings stories for Tuesday, April 29, from AP Financial News:
Top stories:
NEW YORK (AP) -- GMAC Financial Services said Tuesday its first-quarter loss widened as its automotive finance business weakened -- though results improved slightly in its struggling mortgage operations.
Other Stories:
DALLAS (AP) -- Broadcasting operator Belo Corp. said Tuesday that it swung to a loss in the first quarter after accounting for the spin-off of four newspapers. Revenue fell due to weaker demand for advertising time.
LONG BEACH, Calif. (AP) -- HCP Inc. said its first-quarter funds from operations improved on fewer charges.
NEW YORK (AP) -- Martha Stewart Living Omnimedia Inc. reported a narrower first-quarter loss on Tuesday, helped by improved revenue in its publishing and broadcasting divisions.
PLANO, Texas (AP) -- Information technology services provider Perot Systems Corp. said Tuesday that its first-quarter profit rose as revenue in its health care segment increased.
CHARLOTTE, N.C. (AP) -- Auto retailer Sonic Automotive Inc. said Tuesday its first-quarter profit tumbled 29 percent because of soft consumer demand for new vehicles.
ST. LOUIS (AP) -- Energizer Holdings Inc.'s profit sagged 9 percent in its fiscal second quarter as retailers facing a sluggish economy let their inventories fall, the battery maker said Tuesday.
DALLAS (AP) -- Tuesday Morning Corp., a closeout retailer of furniture and housewares, said Tuesday it swung to a loss in the fiscal third quarter, hurt by the continued slump in the home furnishings sector.
WESTLAKE VILLAGE, Calif. (AP) -- Shoe retailer K-Swiss Inc. on Tuesday posted a sharply lower first-quarter profit, as a slight rise in international sales couldn't offset a drop in domestic sales and rising costs.
