Earnings roundup: Nokia, Supervalu

HELSINKI, Finland (AP) Shares in Nokia Corp. plunged more than 13.5 percent Thursday after the world's largest mobile phone maker downgraded its forecast for the global handset market and posted lower-than-expected earnings in the first quarter.

MINNEAPOLIS (AP) The grocer Supervalu said fourth-quarter profits jumped 30 percent, despite bargain-hunting shoppers who are being squeezed by food inflation.

NORWOOD, Mass. (AP) Aspect Medical Systems Inc., which makes anesthesia monitoring systems, said Thursday it swung to a loss in the first quarter, as expenses outpaced revenue growth.

WASHINGTON (AP) Marriott International Inc. said Thursday its first-quarter profit dropped 34 percent as the slowing U.S. economy took a toll on its hotels. The results were in line with Wall Street expectations, but the hotel operator lowered its forecast for the full year.

NEW YORK (AP) Pfizer Inc., the world's biggest drugmaker, reported an 18 percent drop Thursday in its first-quarter profit on tougher generic competition but said it still expects to meet profit expectations for the full-year.