U.S. News

Earnings roundup: Fannie Mae, Tyson Foods


Among the earnings stories for Monday, May 10, from AP Financial News:


— Fannie Mae has again asked taxpayers for more money — this time $8.4 billion — after reporting another steep loss for the first quarter. The taxpayer bill for rescuing Fannie and its sibling Freddie Mac has grown to $145 billion, and the final tally could be much higher.

— Meat producer Tyson Foods Inc. returned to profitability in its second quarter on improvements in its chicken business and higher beef and pork revenue as demand picks up for exports and in restaurants at home.


— Piano maker Steinway Musical Instruments Inc. reported a 79 percent jump in first-quarter net income, helped by cost cuts.

— Comverge Inc., which makes equipment for managing energy capacity, said its first-quarter loss widened as costs more than offset a 16 percent gain in revenue.

— Imperial Sugar Co. said its second-quarter loss widened as the company suffered derivatives setbacks and problems at a refinery.

— Biopharmaceutical company Progenics Pharmaceuticals Inc. said its first-quarter loss widened, as research and development revenue sank compared to last year, when the company also received a $15 million payment.

— Behavioral hospital operator Psychiatric Solutions Inc. said its profit rose 3 percent in the first quarter as admissions increased.

— Financial data provider Interactive Data Corp. reported a 7.6 drop in first-quarter net income, hurt by rising expenses.