Earnings

By Staff writer
Published May 4, 2006

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TIME WARNER INC.

The New York media conglomerate reported a higher first-quarter profit Wednesday, driven by strong results in cable TV and a gain from selling its book group, but investors were disappointed by another slump at AOL.

1st Qtr Year Ago

Revenue $10.46-bil $10.36-bil

Net Income $1.46-bil $915-mil

Per Share 32 cents 19 cents

CLEAR CHANNEL COMMUNICATIONS INC.

The largest radio-station owner in the United States said its quarterly earnings more than doubled, helped by a benefit from selling assets.

1st Qtr Year Ago

Revenue $1.5-bil $1.45-bil

Net Income $96.8-mil $47.9-mil

Per Share 19 cents 9 cents

PROCTER & GAMBLE CO.

The maker of Tide detergent, Pampers diapers and Crest toothpaste said its third-quarter profit jumped 37 percent, but the consumer products company's stock slid on weaker than expected sales figures and a fourth-quarter earnings forecast that was below Wall Street projections.

3rd Qtr Year Ago

Revenue $17.3-bil $14.3-bil

Net Income $2.21-bil $1.61-bil

Per Share 63 cents 59 cents

MARSH & MCLENNAN COS. INC.

The nation's largest insurance brokerage reported its net income tripled in the first quarter from a year earlier, although revenue came in a bit below analysts' expectations.

1st Qtr Year Ago

Revenue $3.03-bil $3.07-bil

Net Income $416-mil $134-mil

Per Share 75 cents 25 cents