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Earnings roundup: Janus Capital, Tenneco



24 April 2008 @ 03:11 pm EST

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

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JNS 24.64 -0.84
TEN 12.84 0.16
SWY 28.74 0.72
MMM 69.46 0.98
HHS 10.89 -0.05
BDC 30.91 -0.67
FSTR 31.4 0.03

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DENVER (AP) Investor manager Janus Capital Group Inc. said Thursday its first-quarter earnings rose 5 percent because of growth in investment-management fees.

LAKE FOREST, Ill. (AP) Auto parts maker Tenneco Inc. said Thursday its first-quarter profit jumped 20 percent, as profit improvements in Europe and Asia offset the effects of lower North American automotive production.

PLEASANTON, Calif. (AP) Safeway Inc. said Thursday its first-quarter profit rose 11 percent, beating analyst expectations on sales from its Lifestyle format stores and the stronger Canadian dollar.

MINNEAPOLIS (AP) 3M Co., maker of Scotch tape and Post-it notes, said Thursday its first-quarter earnings dropped compared to a year ago when it had a big gain on the sale of one of its businesses. But the results topped analyst expectations.

SAN ANTONIO (AP) Harte-Hanks Inc., a direct-marketing company, said Thursday its first-quarter profit dropped 33 percent due to further sales declines in its shoppers division.

ST. LOUIS (AP) Belden Inc.'s first-quarter profit fell 40 percent as strong overseas business was not enough to offset declines in North America, the electronics components maker said Thursday.

PITTSBURGH (AP) Shares of L.B. Foster Co., which provides services and products for rail, construction and energy markets, plummeted 20 percent Thursday after it posted a big drop in revenue.

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 This material may not be published, broadcast, rewritten or redistributed.

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