Earnings roundup: Disney, Curis

Earnings roundup: Disney's net income rises, Curis says it turned a profit

Associated Press

Among the earnings stories for Tuesday, May 8, from AP Business News:

— The Walt Disney Co. said that net income in the first three months of the year grew 21 percent as better performance from pay TV network ESPN and its theme parks offset a loss at the movie studio driven by the flop "John Carter."

— Drug developer Curis Inc. said that it turned a first-quarter profit after federal regulators approved its skin cancer treatment Erivedge early in the period.

— Seattle Genetics Inc. said it took a smaller loss in the first quarter after launching its cancer drug Adcetris. Its revenue for the quarter, however, came in below Wall Street forecasts and its shares dropped 7 percent in extended trading.

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