Bank of New York Compnay Inc. (BK: chart), banking company, said that its net income for the first quarter increased to $434 million, or 57 cents per share, compared with $422 million, or 55 cents per share, for the year ago period. Total revenue climbed to $1.9 billion, versus $1.6 billion for the first quarter 2006. Fees from asset servicing rose 17%, driven by the custody business, which administers mutual funds, exchange-traded funds and other products for clients.

J.P. Morgan Chase & Co. (JPM: chart), banking company, said first-quarter net income increased more than 50% to $4.8 billion, or $1.34 per share, compared with $3.1 billion, or 86 cents per share in the year-ago period. Income from continuing operations came in at $4.8 billion, or $1.34 per share, compared with $3 billion, or 85 cents per share last year. Total net revenue climbed 25% to $18.97 billion. The company also increased its dividend by 12% to 38 cents per share and launched a $10 billion stock repurchase program.

Genlyte Group Inc. (GLYT: chart), light manufacturer, said that for the first quarter it earned $35 million or $1.20 per share compared with $48.6 million, or $1.70 per share, for the same quarter in 2006. The 2006 quarter''s results included a $24.7 million tax benefit, that boosted the company''s earnings per share by 86 cents. Revenue rose 20% to $394.4 million versus $329.2 million in the year-ago period. The company said a combination of adding new products and maintaining price increases helped achieve higher sales and profit margins for the first quarter.

AMR Corp. (AMR: chart), airline company, said that it swung to a profit of $81 million, or 30 cents per share, in the first three months of the year, compared to a loss of $92 million, or 49 cents per share, a year earlier. Revenue rose 1.6 percent, to $5.43 billion, slightly below the $5.46 billion forecast by analysts. American drew strength from its international operations, which saw stronger traffic, while the domestic business was weaker.

Applied Industrial Technologies (AIT: chart), industrial products maker, reported that third-quarter net income rose 8.5% on 4.8% higher revenue and affirmed its outlook for fiscal 2007. For the quarter, earnings reached $21.7 million, or 49 cents per share, compared with $20 million, or 43 cents per share, in the year-earlier period. Shares outstanding fell 3.2% to 44.4 million from 45.9 million. Sales increased 4.8% to $521.1 million versus $497.2 million last year. Applied Industrial affirmed its earnings estimate for fiscal 2007 of $1.80 to $1.85 a share of earnings on $2.01 billion to $2.04 billion of sales.

Netflix (NFLX: chart), online DVD rental company, said it made $9.9 million, or 14 cents per share, compared with last year''s profit of $4.4 million, or 7 cents per share. Total sales surged 36% to $305.3 million versus $224.1 million a year ago. For the second quarter, Netflix said it expects earnings in a per-share range of 18 cents to 24 cents.