Earnings roundup: EDS, Federated Investors

DALLAS (AP) Information technology services company Electronic Data Systems Corp. said Thursday its first-quarter profit was less than half what it was a year ago when it recorded a huge contract termination payment from Verizon.

PITTSBURGH (AP) Federated Investors Inc.'s said Thursday its first-quarter earnings climbed 8 percent as investors seeking safety in money market funds boosted the money manager's fee-bearing assets.

BOSTON (AP) Thermo Fisher Scientific Inc.'s first-quarter profit rose sharply, and the maker of laboratory supplies and scientific instruments on Thursday slightly raised full-year expectations.

PHOENIX (AP) US Airways Group Inc. said Thursday it swung to a loss in the first quarter, punished like other airlines by the rising cost of jet fuel.

NEW YORK (AP) Ensco International Inc. said Thursday its profit jumped 17 percent in the first quarter, beating Wall Street expectations, as the drilling contractor charged flush oil producers more to use its offshore rigs.

MINNEAPOLIS (AP) 3M Co. makes sticky stuff from Scotch tape to Post-it notes, but it is struggling to keep profits for its television screen coatings from coming unglued.

HOUSTON (AP) Setting the tone expected for the world's big oil companies, ConocoPhillips said Thursday its first-quarter earnings benefited mightily from record crude prices to start the year, though those same high levels squeezed results at its refining operations.