Amazon.com

(AMZN) - Get Report

said Tuesday after the market closed that it earned $78 million, or 18 cents a share, for the first quarter ended March 31, down from $111 million, or 26 cents a share a year ago. Revenue for the quarter was $1.9 billion. Net income for the first quarter includes $56 million in income tax expense, compared with a $2 million income tax benefit a year ago. Analysts expected earnings of 23 cents a share on revenue of $1.9 billion, according to Thomson First Call. For the second quarter, Amazon expects revenue in the range of $1.675 billion to $1.825 billion. Wall Street was expecting $1.71 billion. The stock was down $1.30, or 3.97%, to $31.41 in after-hours trading.

The New York Times

(NYT) - Get Report

announced that it has increased its quarterly dividend 6.5% to 16.5 cents a share. The dividend is payable on June 15 to shareholders of record as of June 1. The stock was unchanged at $32.93.

Atmel

(ATML)

said it lost $43 million, or 9 cents a share, for the first quarter ended March 31, vs. a profit of $11 million, or 2 cents a share a year ago. Revenue for the quarter was $419.8 million. Analysts expected a loss of 7 cents a share on revenue of $412.4 million. The stock was down 2 cents, or 0.97%, to $2.05 in after-hours trading.

InfoSpace

(INSP) - Get Report

said it earned $93.9 million, or $2.52 a share, for the first quarter ended March 31, compared with $36.7 million, or $1.03 a share a year ago. Revenue for the quarter was $87 million. Excluding certain items, the company earned $16.6 million, or 45 cents a share. Analysts expected earnings of 37 cents a share on revenue of $86 million, according to Thomson First Call. The company expects a second-quarter profit of 36 cents to 39 cents on revenue in the range of $83 million to $85 million. Wall Street was expecting a profit of 42 cents on revenue of $91.7 million. The stock was down $8.38, or 18.63%, to $36.61 in after-hours trading.

Ace

(ACE)

said it earned $433 million, or $1.46 a share, for the first quarter ended March 31, vs. $447 million, or $1.53 a share a year ago. Excluding net realized gains and losses, operating income was $441 million, or $1.49 a share, up from $411 million, or $1.40 a share a year ago. Analysts expected earnings of $1.43 a share, according to Thomson First Call. The stock was up 13 cents, or 0.33%, to $39.75 in after-hours trading.

Manhattan Associates

(MANH) - Get Report

said it earned $4.8 million, or 16 cents a share, for the first quarter ended March 31, down from $5.7 million, or 18 cents a share a year ago. Revenue for the quarter was $56.3 million. Excluding certain items, the company earned $5.3 million or 18 cents a share. Analysts expected earnings of 18 cents a share on revenue of $54.7 million, according to Thomson First Call. The company forecast second-quarter adjusted earnings of 22 cents to 26 cents a share. Wall Street was looking for 23 cents a share. The stock was up $1.41, or 8.08%, to $18.85 in after-hours trading.

Corning

(GLW) - Get Report

reported earnings of $249 million, or 17 cents a share, for the first quarter ended March 1, compared with $55 million, or 4 cents a share a year ago. Revenue for the quarter was $1.05 billion. Analysts expected 16 cents a share on revenue of $1 billion, according to Thomson First Call. The stock was up 24 cents, or 1.91%, to $12.80 in after-hours trading.

STMicroelectronics

(STM) - Get Report

reported a loss of $31 million, or 3 cents a share, for the first quarter ended April 2, compared with a profit of $77 million, or 8 cents a share a year ago. Revenue for the quarter was $2.08 billion. Excluding charges, the company earned 4 cents a share. Analysts expected earnings of 7 cents a share on revenue of $$2.15 billion, according to Thomson First Call. The stock was unchanged at $15.61.

The

Federal Reserve

Board and the Office of the Comptroller of the Currency have approved the acquisition of

Riggs National

(RIGS) - Get Report

by

PNC Financial

(PNC) - Get Report

. PNC will pay $20 a share, or around $652 million. PNC was unchanged at $52.45 and Riggs was unchanged at $19.30.

Itron

(ITRI) - Get Report

said it earned $817,000, or 4 cents a share, for the first quarter ended March 31, up from a loss of $738,000, or 4 cents a share a year ago. Revenue for the quarter was $116 million. Excluding certain items, the company earned 32 cents a share, beating Wall Street's forecast. Analysts expected earnings of 21 cents a share on sales of $113 million, according to Thomson First Call. The company guided higher for 2005 by increasing its pro forma earnings to $1.50 to $1.55 a share on revenue in the range of $510 million to $520 million. The stock was up $3.47, or 10.95%, to $35.15 in after-hours trading.