Expedia Posts Lower First Quarter Earnings

Jackson Hewitt Tax Service raises 2006 earnings guidance; Big 5 Sporting Goods posts slightly lower earnings; plus more stocks in the news Friday

Expedia (EXPE) posts 15 cents vs. 27 cents first quarter EPS (adjusted) as higher operating costs offset a 2% revenue rise. It believes 2006 will be a challenging year and sets a 20 million share buyback.

Duke Energy (DUK) Board approves plan to pursue sale or other dispositions of its commercial marketing, trading business.

E.W. Scripps (SSP) Posts 18% increase in April revenue at Scripps Networks, 16% increase in ad revenue, 25% increase in affiliate fee revenue.

Barr Pharmaceuticals (BRL) says its unit received a Non-Final Rejection notice from the Patent & Trademark Office for reissue of a patent relating to its Seasonale extended-cycle oral contraceptive.

Jackson Hewitt Tax Service (JTX) given its strong operating performance during the 2006 tax season, it raises its fiscal year 2006 (Apr.) guidance to between $1.57 and $1.59 earnings per share (EPS) (Generally Accepted Accounting Principles) on revenue of $273 million to $275 million.

Big 5 Sporting Goods (BGFV) posts 26 cents vs. 28 cents first quarter EPS despite a 5.3% higher same-store sales and 9% higher total sales. It ups its quarterly dividend 28%. It also sets a $15 million stock buyback. It sees second quarter comp sales in the low-to-mid-single digit range and EPS of 23 cents to 27 cents.

51job (JOBS) posts better-than-expected 12 cents first quarter earnings per ADS (after stock option expense) on a 21% revenue rise. It sees second quarter revenue of $21.2 million to $22.5 million and EPS of 13 cents to 15 cents, before share-based compensation expense.

Guess (GES) posts 34 cents vs. 18 cents first quarter EPS on 14% higher same-store sales and 20% higher total net revenue.

NVIDIA (NVDA) posts 23 cents vs. 18 cents first quarter EPS (GAAP) on a 17% revenue rise.

Analog Devices (ADI) posts 39 cents vs. 31 cents second quarter EPS (GAAP) on a 7% revenue rise. It sees third quarter revenue of $675 million to $685 million and 38 cents to 39 cents EPS.

Best Buy (BBY) plans to acquire a majority interest in Jiangsu Five Star Appliance Co., China's fourth-largest appliance amd consumer electronics retailer, for investment of $180 million including $122 million capital injection.

Kohl's (KSS) posts 48 cents vs. 36 cents first quarter earnings per share (EPS) on 6.9% higher same-store sales and 16% higher total sales. As a result of the strong first quarter and the benefit of the investment of proceeds from the sale of receivables, it raises fiscal year 2007 EPS guidance to between $2.91 and $3.02.

Taser International (TASR) is to delay the filing of its first quarter 10-Q after it determined its historical methodology for calculation of indirect manufacturing expense applied to inventory was incorrect. It also identifies a clerical error in calculation.

Arctic Cat (ACAT) the snowmobile maker posts 3 cents fourth quarter loss vs. 13 cents EPS on a 2.4% sales drop. It says the fourth quarter was affected by poor snowfall in the East and Midwest that reduced sales and increased sales incentive programs. It sees 27 cents to 31 cents first quarter loss, and $1.13 to $1.19 fiscal year 2007 EPS.

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