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Earnings roundup: Viacom, Cirrus Logic



By AP
02 May 2008 @ 02:50 pm EST

Among the earnings stories for Friday, May 2, from AP Financial News:

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Quotes
CRUS 4.51 -0.43
ELY 11.68 -0.21
SEPR 14.57 -1.18
CSTR 27.9 -1.44

SYMBOL LOOKUP

NEW YORK (AP) Strong sales of the video game "Rock Band" helped lift first-quarter earnings 33 percent at the entertainment company Viacom Inc., a major cable network operator which owns MTV and Nickelodeon.

AUSTIN, Texas (AP) Shares of Cirrus Logic Inc. plunged 20 percent Friday after the chip maker reported it swung to a fourth-quarter loss and guided for first-quarter revenue below analyst estimates.

NEW YORK (AP) Shares of Callaway Golf Co. climbed Friday after the golf equipment maker reported 21 percent growth in first-quarter profit, narrowly beating analyst estimates.

NEW YORK (AP) Shares of drug developer Sepracor Inc. fell Friday as Wall Street expressed disappointment over lagging sales of the company's insomnia treatment Lunesta and the decline in first-quarter revenue.

NEW YORK (AP) Shares of Coinstar Inc. soared to a new 52-week high Friday, after the coin-counting machine maker reported a first-quarter profit above Wall Street expectations.

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 This material may not be published, broadcast, rewritten or redistributed.

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