Earnings roundup: Immunomedics, Vantage Drilling

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

— Biopharmaceutical company Immunomedics Inc. said its profit quadrupled in the fiscal third quarter, as it received more payments from partner Nycomed.

— Offshore driller Vantage Drilling Co. said its net income more than doubled in the first quarter as revenue from contract drilling rose sharply.

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— Energy Conversion Devices Inc. reported a net loss for its fiscal third quarter as the solar panel product maker recorded a $358 million charge to write down the value of its assets.

— John Bean Technologies, whose clients include food processing and air transportation companies, reported its first-quarter net income edged lower due to a slowdown in the latter sector.

For Subscribers

FOR SUBSCRIBERSCBP leaders cut out of Trump ad buy decision

FOR SUBSCRIBERSAmerican passenger drafted goodbye texts to her family as Flydubai plane plummeted

FOR SUBSCRIBERSCornell rape allegation pushes embattled New York prosecutor into national spotlight

FOR SUBSCRIBERSAbdul El-Sayed tries to woo MAHA voters as Democrats seek inroads with RFK’s supporters

FOR SUBSCRIBERSKratom-like substances are popping up in a typically benign supplement

FOR SUBSCRIBERSGOP super PAC increases its spending for Sen. Jon Husted in tough Ohio race

FOR SUBSCRIBERSRecords reveal tumultuous marriage between slain New York Times executive and wife

FOR SUBSCRIBERSFrom clean energy warrior to ‘wall of shame,’ James Talarico reverses on a fossil fuel money pledge

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FOR SUBSCRIBERSA harrowing ordeal aboard an Israel-bound plane

FOR SUBSCRIBERSOpenAI CEO Sam Altman to skip congressional hearing on rogue AI agents

FOR SUBSCRIBERSKey DOJ lawyers departed Trump ‘grand conspiracy’ probe amid pressure to produce, source says

FOR SUBSCRIBERSTrump’s new AI chatbot often links to a site launched under Clinton 26 years ago

FOR SUBSCRIBERSAt MAHA summit, industry CEOs the movement once vilified take the stage

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— Aircraft parts supplier TransDigm Group Inc. said its net income in the fiscal second-quarter fell almost 6 percent as higher interest expenses offset better sales.

— Drug maker Enzon Pharmaceuticals Inc. said its first-quarter net income surged on the sale of its specialty pharmaceuticals unit.

— Achillion Pharmaceuticals Inc. reported a smaller first-quarter loss as revenue climbed while research and development expenses fell.