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Earnings roundup: Imax, Holly



By AP
12 May 2008 @ 11:05 am EST

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

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NEW YORK (AP) -Imax Corp., a maker of large-screen movie systems, said Monday its fiscal first-quarter loss widened on increased expenses.

DALLAS (AP) -Petroleum refiner Holly Corp. said Monday first-quarter earnings tumbled 87 percent, as soaring crude oil prices squeezed margins.

MEMPHIS, Tenn. (AP) -Biopharmaceutical company GTx Inc. said Monday its first-quarter loss widened due to higher research and development expenses and administrative costs.

NEW YORK (AP) -Orbotech Ltd., which makes testing equipment used to make printed circuit boards and flat-panel displays, said Monday first-quarter profit fell 34 percent as rising costs and expenses outweighed higher revenue.

SOUTH PASADENA, Calif. (AP) -Cogent Systems Inc., which makes fingerprint-identification systems, said Monday it expects its first-quarter earnings to narrowly top Wall Street's expectations but further delayed its first-quarter report pending a settlement review.

TULSA, Okla. (AP) -Dollar Thrifty Automotive Group Inc., parent company of the Dollar Rent A Car and Thrifty Car Rental brands, said Monday it swung to a first-quarter loss due to a hefty charge related to goodwill and reacquired franchise rights.

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 This material may not be published, broadcast, rewritten or redistributed.

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