Earnings roundup: Toll Brothers income nearly doubles, Sigma Designs 1Q profit drops 59 pct

Earnings roundup: Toll Brothers, Sigma Designs

Among the earnings stories for Wednesday, May 26, from AP Financial News:

SAN JOSE, Calif. (AP) — VeriFone Systems Inc.’s fiscal second-quarter net income nearly doubled as its technology helped process more electronic payments to businesses and government agencies.

MILPITAS, Calif. (AP) — Chip designer Sigma Designs Inc. said that its first-quarter profit fell 59 percent as acquisition-related expenses overshadowed increased revenue.

HUDSON, Ohio (AP) — Jo-Ann Stores Inc. reported that its first-quarter net income more than doubled as its sales and margins improved, and the retailer raised its full-year outlook.

AMSTERDAM (AP) — Russian mobile phone company VimpelCom Ltd. reported a first-quarter profit, reversing a year-ago loss, as revenue rose by 13 percent.