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Earnings roundup: BearingPoint, Energy Transfer Partners

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May 12, 2008

Among the earnings stories for Monday, May 12, from AP Financial News:

McLEAN, Va. (AP) -- BearingPoint Inc., a management and technology consultant, said Monday its first-quarter loss shrunk more than 60 percent thanks to sharply lower costs.

DALLAS (AP) -- Natural gas pipeline operator Energy Transfer Partners L.P. said Monday its first-quarter profit rose as sales grew at its core gas operations and at its retail propane division.

MOUNTAIN VIEW, Calif. (AP) -- Drug developer Alexza Pharmaceuticals Inc. said Monday that its first-quarter loss widened on increased research and development spending.

LAS VEGAS (AP) -- Progressive Gaming International Corp., a casino-management software provider, said Monday its first-quarter loss narrowed slightly as the company faced a weak environment and lower seasonal revenue.

WAYNE, Pa. (AP) -- Kenexa Corp., which makes Web-based recruitment and employee development tracking software, said Monday its first-quarter profit edged up 2 percent on higher subscription and professional services revenue.

© Copyright 2008 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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