Earnings roundup: True Religion, US Steel

VERNON, Calif. (AP) Pricey jeans maker True Religion Apparel Inc. said Tuesday its fourth-quarter profit more than doubled, due to a big boost in sales in both its wholesale and retail businesses.

PITTSBURGH (AP) United States Steel Corp. reported a 14 percent drop in first-quarter earnings Tuesday as record sales failed to offset declines in its European and tubular businesses.

FORT WORTH, Texas (AP) Burlington Northern Santa Fe Corp., which operates the nation's second-largest railroad, said Tuesday that its first-quarter earnings jumped 30 percent on more rail shipments of farm products and coal, as well as larger fuel surcharges.

DALLAS (AP) Television station owner Belo Corp. said Tuesday that it swung to a loss in the first quarter after accounting for the spin-off of four newspapers.

MINNEAPOLIS (AP) Medical device maker American Medical Systems Holdings Inc. said Tuesday its first-quarter earnings more than doubled on strong sales of products to treat erectile dysfunction and male incontinence.

NOVATO, Calif. (AP) Biotechnology company BioMarin Pharmaceutical Inc. said Tuesday it swung to a first-quarter profit on higher product sales and collaboration revenue.

TAMPA, Fla. (AP) Utility operator and coal producer TECO Energy Inc. said Tuesday its first-quarter profit dropped 58 percent following the sale of the company's transport division and the loss of a tax credit for producing synthetic fuel.