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Earnings roundup: Drugmakers, McKesson



By AP
23 July 2008 @ 06:28 pm EST

Among the earnings stories for Wednesday, July 23, from AP Financial News:

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PFE 16.68 1.54
MCK 45.3 6.26
SY 25.67 -0.13
CMG 51 2.65
BUD 63.93 5.43

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TRENTON, N.J. (AP)--Profits posted Wednesday by Pfizer Inc. and Wyeth show a common theme among pharmaceutical companies--nearly all the growth they're seeing these days is overseas, driven by emerging markets and the weak dollar.

SAN FRANCISCO (AP)--Health care services and information technology company McKesson Corp. said Wednesday its fiscal first-quarter profit was flat, as higher expenses offset a boost in sales.

DUBLIN, Calif. (AP)--Database and mobile software maker Sybase Inc. said Wednesday its second-quarter profit and sales grew, surpassing Wall Street's expectations thanks to strength in its business database, mobile messaging and other products.

DENVER (AP)--Burrito chain Chipotle Mexican Grill Inc. said Wednesday its second-quarter profit rose about 23 percent as sales climbed at both new and established restaurants due to higher prices and more customers.

MILWAUKEE (AP)--Anheuser-Busch Cos. Inc. managed to turn a profit in the most recent quarter--despite fears that rising costs for ingredients and fuel would cut into The King Of Beers' bottom line.

MINNEAPOLIS (AP)--Northwest Airlines, which already plans to reduce flying from now through the end of the year, could shrink more and keep raising fares if fuel prices don't come down, Chief Executive Doug Steenland said on Wednesday.

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 This material may not be published, broadcast, rewritten or redistributed.

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