Among the earnings stories for Thursday, May 1, from AP Financial News:
TRENTON, N.J. (AP) -- Tyco International Ltd.'s fiscal second-quarter profit tumbled 67 percent, mainly due to the loss of substantial profits from now-discontinued operations.
NEW YORK (AP) -- MetLife Inc. said Thursday its profit shrank 37 percent in the first quarter as turbulent markets and the plummeting dollar pummeled the insurer's investment portfolio.
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.
SIDNEY, Neb. (AP) -- Cabela's Inc., an outdoor products retailer, said on Thursday its first-quarter profit climbed 40 percent as merchandise sales improved.
DALLAS (AP) -- Affiliated Computer Services Inc., which runs back-office business operations for companies, said Thursday its fiscal third-quarter profit edged higher, and revenue jumped as the company signed on new customers.
SUNNYVALE, Calif. (AP) -- Biotechnology company Cepheid said Thursday that its first-quarter loss narrowed on higher sales of its GeneXpert DNA testing systems and testing products.
EMERYVILLE, Calif. (AP) -- Specialty coffee retailer Peet's Coffee & Tea Inc. said Thursday its first-quarter profit grew 48 percent because of higher sales in both its retail and specialty businesses.
