Quarterly Profit, First Quarter Earnings | featured news

The Wendy's Co. on Tuesday reported a first-quarter profit that missed Wall Street expectations and cut its forecast for the year, as the hamburger chain struggled in its revival efforts amid higher costs for fresh beef and weaker-than-expected sales.

Helped out by special items, Southwest Airlines reported a net income of $98 million last quarter to preserve its 21-year string of profitable first quarters. But excluding those gains, mostly from an increase in value of fuel hedges, the Dallas-based carrier said it lost $18 million.

Ford (F) swung to a profit for the first quarter today, earning $2. 1 billion ...

The bank, which is often considered a bellwether, said that it had clawed back to profitability in the first quarter, after two consecutive periods of losses.