Among the earnings stories for Tuesday, May 6, from AP Financial News:
Top stories:
SAN JOSE, Calif. (AP) -- Cisco Systems Inc.'s profit fell 5 percent in its fiscal third quarter but beat Wall Street's expectations, a sign the turbulent U.S. economy didn't rattle the world's largest networking equipment maker as hard as expected.
LOS ANGELES (AP) -- Strong growth in its media networks, film studios and theme parks lifted The Walt Disney Co.'s second-quarter net profit 22 percent from a year ago, the company said Tuesday.
Other stories:
BRIDGEWATER, N.J. (AP) -- Synchronoss Technologies Inc., which makes software for communication service providers, said Tuesday its first-quarter profit climbed, but the company said it "materially" lowered its 2008 growth expectations as it expects its largest customer to contribute less to total sales.
WILMINGTON, Mass. (AP) -- Medical researcher Charles River Laboratories International Inc. said Monday its first-quarter profit rose 23 percent on strong sales growth at both of its business segments.
GREENSBORO, N.C. (AP) -- Chip maker RF Micro Devices Inc. said Tuesday that it swung to a fiscal fourth-quarter loss as revenue declined and costs and expenses rose.
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