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Earnings roundup: Canadian Pacific, Forest Labs



By AP
22 July 2008 @ 02:32 pm EST

Among the earnings stories for Tuesday, July 22, from AP Financial News:

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CP 61.46 0.55
FRX 36.42 0.15
FCFS 18.82 0.7
XTO 50.01 -0.72

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MINNEAPOLIS (AP)--Canadian Pacific Railway Ltd. said Tuesday its second-quarter earnings dropped almost 40 percent because of rising fuel prices, a weakening economy, and flooding on the company's U.S. mainline.

NEW YORK (AP)--Drug maker Forest Laboratories Inc. said Tuesday its fiscal first-quarter profit decreased 9 percent, as it took a large charge after ending an agreement to promote a hypertension drug with Daiichi Sankyo.

ARLINGTON, Texas (AP)--First Cash Financial Services Inc. said Tuesday its profit slipped 25 percent in the second quarter, narrowly beating analysts' estimates, as challenges in the pawnshop operator's car dealership business continued to weigh on results.

FORT WORTH, Texas (AP)--Oil and natural gas producer XTO Energy Inc. said Tuesday its second-quarter profit jumped more than 30 percent as production increased amid record-high energy prices.

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 This material may not be published, broadcast, rewritten or redistributed.

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