Among the earnings stories for Tuesday, May 6, from AP Financial News:
CHARLOTTE, N.C. (AP) -- Wachovia Corp. said Tuesday it is nearly doubling previously reported losses for the first quarter after reviewing its portfolio of bank-owned life insurance.
DALLAS (AP) -- D.R. Horton said Tuesday it swung to a loss in the second quarter, as a sustained housing slump forced the nation's largest homebuilder to take hefty charges and write down the value of property.
DENVER (AP) -- Qwest Communications International Inc. reported Tuesday its first-quarter net income fell 35 percent as tax expenses jumped and more customers halted service amid the languishing economy and stiff competition.
EMERYVILLE, Calif. (AP) -- Onyx Pharmaceuticals Inc. said Tuesday it swung to a first-quarter profit on a surge in revenue from the liver cancer drug Nexavar.
HEATHROW, Fla. (AP) -- Ruth's Chris Steak House Inc. said Tuesday its first-quarter profit dropped 33 percent because of higher costs and an insurance claim benefit that boosted results in the year-ago quarter.
NEW YORK (AP) -- NYSE Euronext said Tuesday that its first-quarter profit more than tripled as its European business surged and as the trans-Atlantic stock exchange operator continued to cut costs.
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