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Earnings roundup: Mirant, Pozen



08 May 2008 @ 03:22 pm EST

Among the earnings stories for Thursday, May 8, from AP Financial News:

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MIR 35.27 -0.55
POZN 10.25 0.49
IT 19.98 0.34
AMSC 31.31 -0.37

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ATLANTA (AP) -Mirant Corp. said Thursday its first-quarter loss widened on increased fuel costs and lower volumes in the power generator's Northeast region.

CHAPEL HILL, N.C. (AP) -Drug developer Pozen Inc. said Thursday that its first-quarter loss more than tripled on higher operating expenses, though the loss was in-line with Wall Street estimates.

PURCHASE, N.Y. (AP) -Air freight company Atlas Air Worldwide Holdings Inc. said Thursday it swung to a first-quarter loss on higher fuel costs and lower AMC Charter revenue.

STAMFORD, Conn. (AP) -Information technology research company Gartner Inc. said Thursday its first-quarter profit more than doubled on higher contract research revenue.

SCHAUMBURG, Ill. (AP) -APP Pharmaceuticals Inc., which makes injectable products for acute medical care, said Thursday its first-quarter profit fell 18 percent, hurt by higher interest expenses.

DEVENS, Mass. (AP) -Energy equipment supplier American Superconductor Corp. said Thursday its fourth-quarter loss narrowed 84 percent on wind power and electric utility sales.

TOKYO (AP) -Softbank Corp.'s profit more than doubled in its fiscal fourth quarter despite the high costs of a marketing blitz that helped lure a record number of new mobile phone subscribers.

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 This material may not be published, broadcast, rewritten or redistributed.

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