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Earnings roundup: Marsh & McLennan, Crocs



07 May 2008 @ 07:00 pm EST

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

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NEW YORK (AP) -Marsh & McLennan lost money in the first quarter as the insurance broker's corporate security business suffered a fundamental deterioration in value, the company said Wednesday.

NIWOT, Colo. (AP) -Shoe company Crocs Inc., best known for its bright plastic clogs, said Wednesday it swung to a first-quarter loss, hurt by charges, but revenue climbed past Wall Street's expectations and shares rose after hours.

MAUMEE, Ohio (AP) -The Andersons Inc., a diversified company involved in agriculture, railcars and retail, said Wednesday its first-quarter profit fell 15 percent as income from its grain and ethanol division fell sharply.

WASHINGTON (AP) -Educational software company Blackboard Inc. said Wednesday that it swung to a first-quarter loss as rising product revenue was overshadowed by climbing operating expenses.

STERLING, Va. (AP) -NeuStar Inc., a provider of clearinghouse services for communications companies, said Wednesday it swung to a first-quarter loss as a hefty charge offset revenue growth.

CORONA, Calif. (AP) -Beverage maker Hansen Natural Corp. said Wednesday its first-quarter profit climbed 43 percent on strong sales of its Monster energy drinks.

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 This material may not be published, broadcast, rewritten or redistributed.

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