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Earnings roundup: Pulte, UPS



By AP
23 April 2008 @ 07:05 pm EST

Among the earnings stories for Wednesday, April 23, from AP Financial News:

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PHM 12.53 -0.58
UPS 60 -0.76
CHIC 9.54 -0.2
BUD 63.09 -2.01
BIIB 49.39 -1.11

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BLOOMFIELD HILLS, Mich. (AP) Pulte Homes Inc. says its first-quarter loss widened after it took a hefty charge amid a worsening housing market.

ATLANTA (AP) UPS Inc., the world's largest shipping carrier, said Wednesday its profit rose 7.5 percent in the first quarter, though it was affected by the weakening U.S. economy. The company lowered its earnings guidance for the year.

Other stories:

SAN DIEGO (AP) Woman's apparel retailer Charlotte Russe Holding Inc. said Wednesday its fiscal second-quarter profit rose 11 percent, helped by a tax expense adjustment and higher sales.

ST. LOUIS (AP) Anheuser-Busch Cos. Inc., the nation's biggest brewer, said Wednesday its profit slipped 1.4 percent in the first quarter as higher costs for beer ingredients more than offset rising revenue.

BOSTON (AP) Sales of a new multiple sclerosis drug helped lift Biogen Idec Inc.'s first-quarter profit by 24 percent to beat Wall Street expectations, and the biotechnology firm raised its full-year earnings forecast.

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 This material may not be published, broadcast, rewritten or redistributed.

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