New York-based Time Warner, Inc. (TWX: chart) said its net income edged less than 1% to $963 million, or 20 cents a share, versus $961 million, or 20 cents a share, a year ago. Excluding items, the company earned 18 cents a share, up from the analysts’ estimate of 17 cents a share.

Overall revenue increased 2.9% to $10.48 billion, as revenue at the cable division jumped 10% to $2.25 billion. Revenue at the struggling America Online unit declined 2.6% to $2.13 billion as the division went on losing subscribers to its basic dial-up Internet service. The number of U.S. subscribers at AOL lost nearly 10% to 21.7 million versus a year ago.

The Charlotte-based marketer and distributor of electricity and natural gas Duke Energy Corp. (DUK: chart) on Wednesday reported 1Q profits that more than doubled from a year earlier period on higher international earnings, gains from asset sales and lower interest expenses.

The company reported it earned to $868 million, or 88 cents a share, in the quarter, up versus $311 million, or 33 cents, in the same period a year earlier. The company had revenue of $5.75 billion, up from $5.64 billion in the same quarter in 2004.

First quarter earnings for its regulated electric business was $336 million, compared to $424 million in last year's first quarter. The decrease was driven by milder winter weather compared to 2004 and higher operating and maintenance expenses resulting from the timing of planned power plant maintenance and outages, Duke said.

The Baltimore-based financial services company Legg Mason Inc.'s (LM: chart) quarterly earnings climbed 28% due to growth in revenue and assets. For the fiscal 4Q ended March 31 net income advanced to $117.6 million, or 98 cents a share, versus $91.9 million, or 80 cents a share, a year ago.

Net revenue jumped 19% to $665 million vs. $559.6 million a year ago.

Register.com (RCOME: chart) on Wednesday posted 4Q earnings of $1.7 million, or 7 cents a share, up from $440,000, or 2 cents a share, a year earlier. Revenue for the quarter was $25.1 million versus $25.7 million in 2003.

Public Service Enterprise Group (PEG: chart) announced Wednesday net income for 1Q advanced to $285 million, or $1.18 a share, versus $271 million, or $1.14 a share, in the comparable quarter a year ago. Revenue in the quarter was $3.31 billion, up from $3.23 billion in the year-ago quarter. Analysts, on average, had expected earnings of $1.10 a share.

The San Francisco gas and electric utility operator PG&E Corp. (PCG: chart) said Wednesday 1Q net income slid to $218 million or 54 cents a share, vs. $3.03 billion, or $7.15 a share, in the year-ago period. Earnings from continuing operations totaled 56 cents a share compared with 41 cents a share a year earlier. Analysts were expecting earnings, on average, of 50 cents a share. Revenue dropped to $2.67 billion from $2.72 billion a year earlier. The company backed its full year forecast for earnings from operations in the range of $2.15 to $2.25 per share.

Eagle Materials Inc. (EXP: chart) said Wednesday net income advanced to $27.5 million or $1.48 a share, versus $16.1 million, or 85 cents a share in the year-ago quarter. Revenue climbed to $153.3 million vs. $122.3 million. Analysts forecast an average of $1.36 a share in earnings.

The water treatment company Nalco Holding (NLC: chart) reported 1Q earnings of $11 million, or 8 cents a share, vs. a loss of $126.7 million, or $1.40 a share in the same quarter a year earlier. Gross margins dropped to 47% from 47.5% as growing prices hit the rise in raw material costs. Revenue jumped 9% to $777.6 million vs. $713.3 million.