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Earnings roundup: CVS Caremark, Tyco

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May 1, 2008

Among the earnings stories for Thursday, May 1, from AP Financial News:

PROVIDENCE, R.I. (AP) -- CVS Caremark Corp., the nation's biggest pharmacy chain, said Thursday that first-quarter profit jumped 84 percent, helped by surging sales in the wake of last year's purchase of Caremark.

TRENTON, N.J. (AP) -- Tyco International Ltd.'s fiscal second-quarter profit tumbled 67 percent due to higher production costs and the loss of substantial profits from now-discontinued operations.

NEW YORK (AP) -- Shares of Allied Waste Industries Inc. jumped in Thursday after the company said first-quarter profit more than doubled, as higher prices offset a drop in landfill volume.

PHILADELPHIA (AP) -- Health insurer Cigna Corp. posted an 80 percent drop in first-quarter profits due to softness in its core health care unit and hefty charges in its annuity reinsurance business.

HOUSTON (AP) -- Independent petroleum company Noble Energy Inc. said Thursday its earnings increased as oil and gas production rose along with higher energy prices.

GREENSBORO, N.C. (AP) -- Unifi Inc. swung to a profit in the fiscal third quarter as cost reductions overcame a slowdown in the U.S. market, the maker of polyester yarns said Thursday.

NEW YORK (AP) -- Shares of electronic component maker O2 Micro International Ltd. soared Thursday after it said its first-quarter profit jumped on higher sales and cost controls.

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