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Earnings roundup: Fuel Systems Solutions, LDK Solar



12 May 2008 @ 06:47 pm EST

Among the earnings stories for Monday, May 12, from AP Financial News:

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FSYS 28.33 -3.73
LDK 31.54 -0.31
NUAN 15.02 0.26
MDR 57.4 -3.31
DTSI 31.49 0.23

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SANTA ANA, Calif. (AP) -Fuel Systems Solutions Inc. on Monday said its first-quarter profit ballooned more than sixfold to widely beat Wall Street expectations, and raised its full-year guidance.

NEW YORK (AP) -Chinese solar wafer maker LDK Solar Co. Ltd. said Monday its first-quarter profit edged higher on increased sales, although its tax bill also rose sharply.

BURLINGTON, Mass. (AP) -Nuance Communications Inc., which makes software that incorporates information into digital applications, said late Monday its fiscal second-quarter loss widened due to several hefty one-time charges.

HOUSTON (AP) -Engineering and construction services provider McDermott International Inc. said Monday its first-quarter profit fell 22 percent due to weather-related downtime in its offshore oil and gas construction segment and fewer project close-outs, change orders and settlements.

AGOURA HILLS, Calif. (AP) -DTS Inc., which makes audio parts for speakers, DVD players and computers, said Monday it swung to a first-quarter profit, crediting a jump in demand for high definition products.

MINNEAPOLIS (AP) -ShopNBC said Monday that it expects to report a fiscal first-quarter loss as the period as consumers reduced discretionary spending.

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 This material may not be published, broadcast, rewritten or redistributed.

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