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Earnings roundup: Durect, Arena Pharmaceuticals



07 May 2008 @ 07:01 pm EST

Among the earnings stories for Wednesday, May 7, from AP Financial News:

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DRRX 5.02 0.4
ARNA 5.21 0.25
AUY 14.79 0.12
GOLF 2.21 -0.12

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CUPERTINO, Calif. (AP) -Pharmaceutical company Durect Corp. said Wednesday its loss narrowed in the first quarter, helped by lower costs and a rise in revenue from research and development partnerships.

SAN DIEGO (AP) -Arena Pharmaceuticals Inc. said Wednesday its first-quarter loss widened on an increase in research and development costs and general and administrative expenses.

ATLANTA (AP) -Internap Network Services Corp., which manages data centers and routes Internet traffic, said Wednesday that it swung to a first-quarter profit with rising data-center service revenue and lower operating costs and expenses.

LOS ANGELES (AP) -PeopleSupport Inc., a business process outsourcing company, said Wednesday it swung to a loss in its first quarter due to a big charge related to foreign currency contract settlements.

NEW YORK (AP) -Yamana Gold Inc. said Wednesday its first-quarter profit more than doubled on higher production and higher prices.

AUSTIN, Texas (AP) -Golfsmith International Holdings Inc., which sells golf gear and operates a golf school, on Wednesday posted a deeper loss in the first quarter, as golfers played fewer rounds amid the economic slowdown.

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 This material may not be published, broadcast, rewritten or redistributed.

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