Shares of Expedia ( EXPE) were among the Nasdaq's 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.

Shares of Holly ( HOC) 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.

Guess? ( GES) 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.

Shares of Jackson Hewitt ( JTX) rose 8% after the tax-preparation company raised its fiscal 2006 earnings and sales guidance. The company now sees earnings of $1.57 to $1.59 a share on revenue of $273 million to $275 million. Previously, the company forecast earnings of $1.51 to $1.56 a share on revenue of $260 million to $265 million. On an adjusted basis, Jackson Hewitt projects earnings of $1.65 to $1.67 a share. Analysts project earnings of $1.57 a share on revenue of $262.2 million.

The company attributed the revised guidance to stronger-than-expected operating performance during the 2006 tax season. "We are very pleased that our location growth, enhanced products and services and new advertising campaign generated strong momentum throughout the tax season and contributed to a record number of customers this year," the company said. Shares were trading up $2.48 to $32.63.

Safety Insurance Group ( SAFT) rose 5% after Standard & Poor's said it plans to add the insurance provider to its SmallCap 600 index after the close of trading on May 15. Safety Insurance will replace Sybron Dental Specialties ( SYD), which is being acquired by Danaher ( DHR). Shares of Safety Insurance were trading up $2.15 to $49.68.

H&E Equipment Services ( HEES) rose 6% after the equipment-services company posted first-quarter results that easily beat expectations. The company earned $9.9 million, or 29 cents a share, on revenue of $182.2 million. Analysts expected earnings of 14 cents a share on revenue of $149.9 million. During the year-earlier quarter, the company earned $951,000, or 4 cents a share, on revenue of $128.6 million. "Every segment of our business performed strongly during the first quarter," the company said.

Looking ahead, H&E now sees 2006 earnings of $1.25 to $1.45 a share, up from an earlier view of $1 to $1.15 a share. The company raised its revenue projection to $710 million to $740 million from an earlier forecast of $675 million to $690 million. Analysts project earnings of $1.14 a share on revenue of $705.8 million. Shares were up $2.15 to $38.85.

Shares of Basin Water ( BWTR) leaped 35% on their first day of trading. The water filtration company's initial public offering were priced at $12 a share, at the upper end of an already-raised projection. Shares recently were up $4.20 to $16.20.

NYSE volume leaders included Lucent Technologies ( LU), unchanged at $2.63; Nortel Networks ( NT), up 2 cents to $2.58; Manor Care ( HCR), up 31 cents to $45.54; Motorola ( MOT), up 18 cents to $21.64; General Electric ( GE), down 19 cents to $34.32; Pfizer ( PFE), down 13 cents to $24.68; and Time Warner ( TWX), up 17 cents to $17.48.

Nasdaq volume leaders included JDSU ( JDSU), down 6 cents to $2.97; Cisco Systems ( CSCO), up 47 cents to $20.52; Microsoft ( MSFT), up 4 cents to $23.26; Intel ( INTC), down 16 cents to $19.20; Sun Microsystems ( SUNW), down 2 cents to $4.87; Threshold Pharmaceuticals ( THLD), down $10.82 to $3.18; Oracle ( ORCL), down 12 cents to $13.79; and Sirius Satellite Radio ( SIRI), down 7 cents to $4.35.