Earnings roundup: Southwest, Lee Enterprises

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DALLAS (AP)--Southwest Airlines Co. earned a profit in the second quarter and beat Wall Street expectations by continuing to rely on financial deals that lowered its fuel costs.

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NEW YORK (AP)--Newspaper publisher Lee Enterprises Inc. says its second-quarter profit fell 87.4 percent mostly on one-time impairment charges.

WASHINGTON (AP)--Raytheon Co.'s second-quarter net income fell because of a big one-time gain it recorded last year, but the defense contractor's income from continuing operations grew 20 percent on missiles sales, border security work and lower pension expenses.

WYOMISSING, Pa. (AP)--Racetrack and casino operator Penn National Gaming says its second-quarter earnings fell 3.4 percent on weak economic conditions, narrowly missing Wall Street estimates.

SEATTLE (AP)--Alaska Air Group Inc. on Thursday said its second-quarter profit rose 37 percent despite rising fuel prices, as it accounted for fuel hedges that will close in future quarters. The operator of Alaska Airlines and Horizon Air also said it will cut capacity, and suggested job losses are coming in the fall.

SAN ANTONIO (AP)--Harte-Hanks Inc., a direct-marketing company, said Thursday its second-quarter profit slipped, partly because of weakness in its Shoppers unit that tugged down overall sales growth.