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Earnings roundup: AsiaInfo, Raytheon



By AP
24 April 2008 @ 03:10 pm EST

Among the earnings stories for Thursday, April 24, from AP Financial News:

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Quotes
ASIA 12.34 -0.58
RTN 59.8 1.3
NEM 39.74 0.2
BHE 15.29 -0.08
CBR 8.43 -0.37
IVZ 24.23 -0.63
BC 13.12 -0.29

SYMBOL LOOKUP

NEW YORK (AP) Shares in AsiaInfo Holdings Inc., which provides software to Chinese telecom companies, rose Thursday after the company posted earnings that easily beat Wall Street expectations.

BOSTON (AP) Increasing defense contract volume helped lift Raytheon Co.'s first-quarter profit 15 percent, soundly beating Wall Street expectations, as the company reiterated its full-year financial expectations for double-digit profit growth.

DENVER (AP) Newmont Mining Corp., one of the world's largest gold producers, on Thursday reported its first-quarter net income climbed more than fivefold as it lowered production costs while gold prices jumped.

ANGLETON, Texas (AP) Electronics manufacturer Benchmark Electronics Inc. said Thursday its first-quarter profit and sales declined amid softening demand in several industries.

GREENWOOD VILLAGE, Colo. (AP) Technology consulting company Ciber Inc. said Thursday its first-quarter profit rose 9.1 percent on U.S. commercial and European sales.

ATLANTA (AP) Investment manager Invesco Ltd. said Thursday its first-quarter earnings remained flat as a slight gain in revenue was offset by rising expenses.

LAKE FOREST, Ill. (AP) Brunswick Corp. said Thursday its first-quarter profit plunged 71 percent, weighed down by weaker demand for boats and related products, as well as restructuring and other charges.

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 This material may not be published, broadcast, rewritten or redistributed.

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