The Associated Press August 5, 2010, 6:34PM ET

Earnings roundup: World Wrestling, Frontier Oil

Among the earnings stories for Thursday, Aug. 5, from AP Financial News:

STAMFORD, Conn. (AP) -- World Wrestling Entertainment Inc. said that its second-quarter net income sank 69 percent compared with the same quarter last year, which saw a sizable boost from the company's annual WrestleMania event.

HOUSTON (AP) -- Frontier Oil Corp. said it returned to a second-quarter profit on better margins for some refined goods and lower operating costs at its two refineries.

NEW YORK (AP) -- Chemical marker Huntsman Corp. said its second-quarter earnings tumbled in comparison to a year-ago period boosted by a settlement, but its adjusted results came in well above Wall Street's expectations.

NOVATO, Calif. (AP) -- The stock of Sonic Solutions Inc., which makes DVD-burning software under the Roxio brand, was on fire after it reported results for its latest quarter.

SAN FRANCISCO (AP) -- Shares of Amkor Technology Inc. climbed after the chip assembly and testing services company's second-quarter results surpassed analyst expectations and it predicted increased demand will continue in the third quarter.

NEW YORK (AP) -- Hugh Hefner's Playboy media empire managed to narrow its losses in the most recent quarter. But only because it booked fewer one-time expenses.

NEW YORK (AP) -- Hedge fund Fortress Investment Group LLC reported a bigger second-quarter loss largely due to distributing stock-based compensation to employees, but adjusted results topped Wall Street expectations.

LOS ANGELES (AP) -- Digital download sales growth slowed further for Warner Music Group Corp. in its fiscal third quarter, prompting CEO Edgar Bronfman Jr. to say that the company was looking "beyond the iTunes model" to return to growth.

NEW YORK (AP) -- International Flavors & Fragrances Inc. said that its net income climbed 40 percent in the second quarter as sales rose.


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