Among the earnings stories for Friday, May 2, from AP Financial News:
ALLENTOWN, Pa. (AP) -- Utility company PPL Corp. said Friday a one-time gain helped push first-quarter earnings up 28 percent, but adjusted profit missed Wall Street expectations.
AVON, Conn. (AP) -- Magellan Health Services Inc.'s profit shrank 18 percent in the first quarter as higher health care costs ate into gains in revenue in its radiology and pharmaceutical businesses, but still met Wall Street expectations.
HOUSTON (AP) -- Oilfield service provider W-H Energy Services Inc. said its profit rose 4 percent on growth at both its drilling and completion and workover business segments.
PORTLAND, Ore. (AP) -- Utility company Northwest Natural Gas Co. said Friday first-quarter net income fell 10 percent, as natural gas costs rose.
DENVER (AP) -- Apartment Investment and Management Co. said Friday its first-quarter funds from operations declined, in part on fewer gains from real estate sales.
CLEVELAND (AP) -- Lubrizol Corp., a specialty chemicals manufacturer, said Friday first-quarter earnings rose 3 percent due to sales growth in its additives segment.
