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Earnings roundup: Xcel Energy, Revlon



By AP
01 May 2008 @ 11:10 am EST

Among the earnings stories for Thursday, May 1, from AP Financial News:

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XEL 20.2 -0.08
REV 1.29 0.05
CAH 53.89 0.33
CLX 62.55 0.7
GEO 23.05 0.64
LNT 33.99 0.01

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MINNEAPOLIS (AP) Utility company Xcel Energy Inc. said Thursday its first-quarter profit rose 28 percent as higher electric and natural-gas margins helped offset increased expenses.

NEW YORK (AP) Cosmetics-maker Revlon Inc. on Thursday said it narrowed its first-quarter loss, as lower expenses offset a sales decline in the U.S.

DUBLIN, Ohio (AP) Cardinal Health Inc. said Thursday its fiscal third-quarter profit soared from a year-ago period in which the health care products and services company established a $600 million reserve to settle lawsuits alleging securities law violations.

OAKLAND, Calif. (AP) Household products maker Clorox Co. said Thursday its third-quarter profit dropped 23 percent due to higher commodity costs and charges from restructuring and the acquisition of Burt's Bees.

BOCA RATON, Fla. (AP) GEO Group Inc., which operates correctional and mental health facilities, said Thursday that first-quarter earnings more than doubled as revenue surged in the company's international services and long-term health care units.

MADISON, Wis. (AP) Utility operator Alliant Energy Corp. said Thursday its first-quarter profit rose 6.6 percent as colder-than-average winter weather boosted demand for electricity and gas.

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 This material may not be published, broadcast, rewritten or redistributed.

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