(AP) - Among the earnings stories for Friday, Feb. 15, from AP Financial News:
Top stories:
CAMDEN, N.J. (AP) -- The Campbell Soup Co. said Friday its second-quarter profit slipped 3.9 percent as increases in the cost of commodities and energy and higher promotional spending offset a strong sales increase.
MINNEAPOLIS (AP) -- Hormel Foods Corp. said strong sales of Spam and a recovery in its turkey business boosted first-quarter earnings by 17 percent.
Other stories:
DULUTH, Minn. (AP) -- Allete Inc.'s profit slipped 2 percent in the fourth quarter as flagging property values in Florida dragged the value of the power company's real estate, the company said Friday.
NEW YORK (AP) -- Greek drybulk shipper Diana Shipping Inc. said Friday its fourth-quarter earnings surged 87 percent on higher charter rates and an expanded fleet, but the results still narrowly missed Wall Street's expectations.
MOSCOW (AP) -- Russian natural gas monopoly OAO Gazprom on Friday reported third-quarter profits fell 2.8 percent because of lower prices in Europe.
COLUMBIA, S.C. (AP) -- Scana Corp., the parent of South Carolina Electric & Gas Co., said Friday fourth-quarter profit rose 35 percent, ahead of expectations, helped by higher electric sales.
NEW YORK (AP) -- DryShips Inc., which owns and operates a fleet of drybulk carriers, said its fourth-quarter earnings soared more than fivefold as its expanded fleet benefited from significantly higher vessel rates.
PHILADELPHIA (AP) -- Mortgage insurer Radian Group Inc. said Friday it swung to a loss during the fourth quarter due to a reduction in the value of derivatives it holds and rapidly rising claims payments.
NEW YORK (AP) -- Domtar Corp. swung to a loss in the fourth quarter as charges related to its combination with Weyerhauser Fine Paper cut into profit.
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