(EXPE - Get Report)
were among the
losers Friday, tumbling 24% after the online travel site posted first-quarter results that were well below Wall Street's forecast.
The company earned $23.3 million, or 6 cents a share, on revenue of $493.9 million. Excluding items, the company earned $57 million, or 15 cents a share. Analysts polled by Thomson First Call expected earnings of 22 cents a share on revenue of $543.8 million. A year earlier, Expedia recorded adjusted earnings of $93 million, or 27 cents a share, on revenue of $485 million.
"While we anticipated negative growth in the first half of 2006, our performance this quarter was far below those expectations," the company said. "We increased costs in many sectors -- necessary, we believe, for our long-term growth -- but didn't generate the revenues to offset the increased expenses." Shares were trading down $4.67 to $14.99.
rose 3% after the company announced a 2-for-1 stock split and lifted its quarterly dividend. The oil refiner said the stock split is payable on June 1 to shareholders of record May 22. The company increased its split-adjusted dividend to 8 cents a share, compared with its earlier payout rate of 5 cents. The dividend is payable on July 3 to shareholders of record June 22.
"Our decision to declare a stock split and increase our dividend reflects the confidence we have in Holly's current and future business prospects," the company said. "This also underscores our commitment to maximizing shareholder value." Shares recently were trading up $2.52 to $82.13.
(GES - Get Report)
rose 2% after the fashion company posted first-quarter results that topped analyst forecasts. The company earned $15.4 million, or 34 cents a share, on revenue of $259 million. Analysts expected earnings of 32 cents a share on revenue of $253.8 million. During the year-earlier quarter, the company earned $8.2 million, or 18 cents a share, on revenue of $215.6 million.
"Our performance in the period exceeded our expectations and was driven by earnings growth in all of our business segments," the company said. "Our retail business' strong comp performance contributed to significant profit growth in the period." Shares were trading up 69 cents to $45.07.