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From Bloomberg News

* Centex Corp., the fourth-largest U.S. home builder, said its fiscal first-quarter earnings dropped 31% because of a slowdown in the housing market amid higher mortgage rates. Net income fell to $160.3 million, or $1.27 a share, from $233.7 million, or $1.74, a year earlier, Dallas-based Centex said. Revenue rose 13% to $3.27 billion.

* Nintendo Co. of Kyoto, Japan, said its profit rose 10.2% in the most recent quarter on healthy sales of its hit Nintendo DS Lite hand-held game device, prompting it to raise its full-year forecast. Net income rose to 15.6 billion yen ($134.3 million) from 14.1 billion yen a year earlier. Sales rose 85% to 130.9 billion yen ($1.1 billion).

* Edwards Lifesciences Corp., the Irvine maker of heart valves, said second-quarter profit more than doubled from a year earlier, when it recorded a hefty charge to revise a supply agreement. Second-quarter net income was $36.1 million, or 58 cents a share, up from $13.9 million, or 22 cents. Sales rose 3.5% to $267.3 million.

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