H&R Block ( HRB) said it earned $616.5 million, or $3.66 a share, for the fourth quarter ended April 30, compared with $576.8 million, or $3.24 a share, a year ago. Revenue for the quarter was $2.36 billion. Analysts expected a profit of $3.52 a share on revenue of $2.34 billion, according to Thomson First Call. For fiscal 2006, the company said it expects to earn $4.25 to $4.65 a share. The company also announced its board approved a 2-for-1 stock and raised its post-split dividend to 12.5 cents from 11 cents. The stock added 6% to $53.70 Thursday morning.Tessera Technologies ( TSRA) raised earnings guidance for the second quarter and full year as a result of larger-than-expected payments for past production. For the second quarter, it now expects revenue of $21.3 million to $21.7 million, up from its previous range of $16.5 million to $17 million. For 2005, the company expects revenue of $92 million to $94 million, compared with its original forecast of $89 million to $91 million. The stock was up 84 cents, or 2.63%, to $32.80. Regal Entertainment Group ( RGC) agreed to settle Justice Department claims filed under the Americans with Disabilities Act. Regal will incur capital costs of approximately $15 million over the next five years to improve its theaters in accordance with the settlement. The stock was unchanged at $19.05. Power Integrations ( POWI) said the International Trade Commission will begin an investigation into whether System General Corp. is infringing its patents involving pulse-width modulation integrated circuits and the products that incorporate them. The stock was up a penny, or 0.04%, to $24.07 in after-hours trading. Xilinx ( XLNX) reaffirmed its financial guidance for the first quarter. The company expects revenue to be flat to up 4% from the previous quarter. The company also left gross margins unchanged at 61%. Analysts expected earnings of 21 cents a share on revenue of $401.4 million, according to Thomson First Call. The stock was down 88 cents, or 3.13%, to $27.20 in after-hours trading.
Foot Locker ( FL) announced that Keith Daly has been named president and chief executive officer of its Foot Locker Europe division. The company also announced that Marla Anderson was promoted to president and chief executive officer of its Lady Foot Locker division. The stock was unchanged at $25.92. Raytheon Company ( RTN) said it has been awarded a contract by the Missile Defense Agency for logistics support of the Ballistic Missile Defense System radars. The contract has a potential value of $260 million over five years. Raytheon Integrated Defense Systems will be responsible for operating and maintaining Forward Based X-Band Transportable radars. The stock was up 14 cents, or 0.36%, to $38.91 in after-hours trading. infoUSA ( IUSA) revised its revenue and earnings guidance downward for fiscal 2005. The company said it now expects to earn 59 cents to 63 cents a share on revenue in the range of $370 million to $380 million. The firm's original forecast was profits of 63 cents to 67 cents on revenue of $390 million to $400 million. Analysts were expecting profits of 66 cents a share on revenue of $395.6 million, according to Thomson First Call. The stock was $1.04, or 8.71%, to $10.90 in after-hours trading.