Earnings roundup: Sprint Nextel loss widens, PSEG profit nearly matches year-ago

Earnings roundup: Sprint Nextel, PSEG

Among the earnings stories for Monday, May 4, from AP Financial News:

KANSAS CITY, Mo. (AP) — Despite a widening net loss, Sprint Nextel Corp. finally got some good news in its long recovery Monday, as a big surge in “prepaid” customers offset another nightmarish drop in valuable subscribers who sign annual contracts.

NEWARK, N.J. (AP) — Public Service Enterprise Group Inc. said Monday first quarter profit nearly matched year-ago figures even as the recession softened demand for its gas and electricity services.

BEAVERTON, Ore. (AP) — Digimarc Corp. said Monday that it booked a loss in the first quarter as its expenses increased following the company’s sale of its digital watermarking business to L-1 Identity Solutions Inc. last August.

MILWAUKEE (AP) — Tyson Foods Inc. said Monday it lost more than expected in its fiscal second quarter because of declining beef sales and one-time costs, while the world’s largest meat maker noted that it expects a drop in demand for pork amid worries about swine flu to be short-lived.