Among the earnings stories for Wednesday, May 7, from AP Financial News:
NEW YORK (AP) -- Engineering and construction company Foster Wheeler Ltd. said Wednesday its first-quarter profit rose 20 percent on a sharply improved performance by its power plant segment.
FRANKFURT, Germany (AP) -- Commerzbank AG, Germany's second-biggest bank, said Wednesday that its first-quarter profit slid 54 percent because of more write-downs related to the U.S. subprime mortgage crisis and its CEO said it may have trouble beating last year's annual results.
FRANKFURT, Germany (AP) -- Puma AG, the world's third-biggest sporting goods and apparel company, said Wednesday that its first-quarter profit slipped even though sales were up.
OSLO, Norway (AP) -- Europe's largest shipbuilder, Aker Yards ASA, on Wednesday said its net profit for continuing operations in the first quarter declined 83 percent from a year earlier due to an increase in operating expenses in a heated shipbuilding market.
