Earnings News

Drugmaker Merck & Co. on Friday reported a 52 percent drop in second-quarter net income, weighed down by big restructuring charges from buying Schering-Plough Corp., generic competition and other factors. Full Story »

BERKELEY, Calif. - Drug developer Dynavax Technologies Corp. said Friday that higher operating expenses, weak revenue and costs linked to a stock offering drove it to a second-quarter loss, reversing a year-ago profit. Full Story »

NEW YORK (Reuters) - U.S. stocks are unlikely to break above a key technical level next week unless monthly jobs data and consumer company results paint a more promising picture of the recovery. Full Story »

NEW YORK - Shares of Genworth Financial Inc. plunged Friday, a day after the insurer and financial-services company's second-quarter results widely missed Wall Street's expectations. Full Story »

NEW YORK - Chevron's second-quarter earnings tripled on better refining margins and higher prices for oil and natural gas, the company said Friday. Full Story »

NEW YORK - Shares of Maxim Integrated Products Inc. dipped Friday even after its fiscal fourth-quarter results beat Wall Street expectations, and the chip maker provided an optimistic forecast. Full Story »

GLOUCESTER, Mass. - Varian Semiconductor Equipment Associates Inc. said it returned to profit in the fiscal third quarter, reversing a year-ago loss, on strong revenue growth linked to recovering demand for computer chips. Full Story »

NEW YORK - Shares of Applied Micro Circuits Corp. advanced Friday after the communications chip maker posted better-than-expected results for its fiscal first quarter as demand for its products improved. Full Story »

NEW YORK - Shares of Dolby Laboratories Inc. fell Friday after the company's latest quarter failed to satisfy investors, even though results beat Wall Street expectations. Full Story »

NEW YORK - Shares of Sierra Wireless Inc. jumped Friday after the Canadian wireless modem maker posted better-than-expected second-quarter results, prompting at least one analyst to upgrade its shares. Full Story »

SANTA ANA, Calif. - Shares of technology marketer and distributor Ingram Micro Inc. rose Friday after its second-quarter results exceeded Wall Street expectations. Full Story »

WEIGHED DOWN: Nearly $2 billion in restructuring costs after buying Schering-Plough, plus other charges, drive Merck's second-quarter profit down 52 percent to $752 million. Full Story »

BEAVERTON, Ore. - Digimarc Corp., which develops digital watermarking technology for images, reported a wider second-quarter loss on Friday as it booked development costs for joint venture investments with The Nielsen Co. Full Story »

NEW YORK - Shares of Quest Software Inc. got a boost Friday after the business software maker posted better-than-expected second-quarter results. Full Story »

ST. LOUIS - Arch Coal Inc. said Friday it reversed losses from a year ago during the second quarter, handily beating Wall Street's expectations on the strength of global markets and a nearly 40 percent jump in sales. Full Story »

NEW YORK/SAN FRANCISCO (Reuters) - Chevron Corp, the second-largest U.S. oil company, posted three-fold profit growth that beat estimates as refinery margins improved, and raised its 2010 oil and gas production growth target to 3 percent. Full Story »

PARIS - France's state-owned nuclear reactor builder Areva SA said Friday its net profit soared in the first half after it booked a euro1.3 billion (US$1.7 billion) gain selling its electric transmission and distribution division to French engineering firms Alstom SA and Schneider Electric SA. Full Story »

NEW YORK - Payment processing company MasterCard Inc. reports its second-quarter results before the market opens Tuesday. Full Story »