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Earnings roundup: STEC, Principal Financial



By AP
05 May 2008 @ 06:40 pm EST

Among the earnings stories for Monday, May 5, from AP Financial News:

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Quotes
STEC 9.79 0.05
PFG 42.43 1.5
HMSY 25.43 0.8
HT 7.1 0.21

SYMBOL LOOKUP

NEW YORK (AP) -Shares of STEC Inc. jumped to a 52-week high Monday after the memory chip maker posted strong first-quarter results and an outlook above Wall Street's expectations.

DES MOINES, Iowa (AP) -Principal Financial Group Inc.'s first-quarter earnings dropped sharply as volatile equity markets led to an investment loss and premium income fell, the insurer said Monday.

NEW YORK (AP) -Shares of HMS Holdings Corp., which provides cost recovery services to government health care programs, plunged Monday after the company's first-quarter profit fell short of Wall Street's expectations.

PHILADELPHIA (AP) -Hersha Hospitality Trust's first-quarter results improved as per-room revenue rose, the hotel operator said Monday.

NEW YORK (AP) -Shares of audio and television broadcast equipment supplier RRsat Global Communications Network Ltd. plunged Monday after the company missed analyst profit expectations.

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 This material may not be published, broadcast, rewritten or redistributed.

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