11:40AM New York – Cintas Corporation led the decliners in the S&P 500 index with a loss of 5.7%. Dell first quarter profit tumbles 63%. Jamba, Inc reports wider losses for the first quarter. Tiffany & Co first quarter profit tumbles.

Of the stocks in S&P 500 index, 287 increased, 206 declined and 7 were unchanged.

Cintas Corporation led the decliners in the S&P 500 index with a loss of 5.7% followed by losses in Time Warner Cable Inc of 4.4%, in Novell, Inc of 4.0%, in General Motors Corporation of 3.5 % and in Tiffany & Co of 3.0%.

Office Depot, Inc led gainers in the S&P 500 index with a rise of 13.7% followed by gains in Apollo Group, Inc of 6.7%, in Massey Energy Company of 6.4% and Lexmark International, Inc of 6.0%.

Other Movers

Cintas Corporation (CTAS) fell 5.5% or $1.36 to $23.22 after the largest supplier of uniforms expects revenue to be between $870 million and $885 million. Earnings per diluted share prior to the restructuring charge are expected to be between 34 and 37 cents. After a restructuring charge of approximately $50 million after tax earnings per diluted share are expected to be between 1 and 4 cents per diluted share.

Dell Inc (DELL) added 3.2% or 36 cents to $11.48 after first quarter sales fell 23.6% to $12.3 billion from $16.1 billion a year ago. Net income in the quarter fell 63% to $290 million or 15 cents per diluted share compared to net income of $784 million or 38 cents per a year ago.

Esterline Technologies Corporation (ESL) slumped 8.8% or $2.58 to $26.66 after the jet-engine parts maker said second quarter income from continuing operations of $25.3 million or 85 cents per diluted share on sales of $359.5 million. Year-ago income from continuing operations was $23.9 million or $.80 per diluted share on sales of $358.0 million.

FMC Technologies, Inc (FTI) the oil and natural-gas exploration contractor gained 6.2% or $2.44 to $41.37.

Frontline Ltd (FRO) surged 3.7% or 88 cents to $24.61 after the world''s biggest independent oil tanker fleet operator reported first quarter sales fell 32.4% to $356.6 million from $527.7 million a year ago. Net income in the quarter fell 65.5% to $76.2 million or 98 cents per diluted share compared to net income of $221 million or $2.95 per share a year ago.

J.Crew Group, Inc (JCG) climbed 18.0% or $3.69 to $24.15 after the apparel retailer said first quarter revenues rose 1.5% to $345.8 million from $340.6 million a year ago. Net income in the quarter fell 33% to $20.4 million or 32 cents per diluted share compared to net income of $30.5 million or 48 cents per a year ago.

Jamba, Inc (JMBA) plunged 15.8% or 19 cents to $1.01 after the smoothies and fresh juices retailer said first quarter revenues fell 12.5% to $88.9 million from $101.6 million a year ago. Net loss in the quarter was $10.2 million or 19 cents per diluted share compared to net loss of $6.4 million or 12 cents per a year ago.

Marvell Technology Group Ltd (MRVL) slid 3.5% or 41 cents to $11.28 after the maker of communications chips said first quarter revenues fell 35% to $521.4 million from $804.1 million a year ago. Net loss in the quarter was $39.5 million or 6 cents per diluted share compared to net income of $69.9 million or 11 cents per a year ago.

Novell, Inc (NOVL) rose 4.0% or 18 cents to $4.61 after the networking software and technology services developer said second quarter revenues fell 9% to $215.6 million from $235.7 million a year ago. Net income in the quarter rose 164% to $15.6 million or 5 cents per diluted share compared to net income of $5.9 million or 2 cents per a year ago.

Royal Bank of Canada (RY) rose 2.0% or 82 cents to $39.97 after the Canadian bank reported second quarter net loss in the quarter of $50 million or 7 cents per diluted share compared to net income of $928 million or 73 cents per share a year ago.

Tiffany & Co (TIF) declined 3.7% or $1.04 to $27.09 after the jewelry retailer reported first quarter sales fell 22% to $523.1 million from $668.1 million a year ago. Net income in the quarter fell 62% to $24.3 million or 20 cents per diluted share compared to net income of $64.4 million or 50 cents per share a year ago.

MRVL	$11.43	1.15%
CTAS	$45.89	1.06%
DELL	$13.40	-0.22%
TIF	$78.00	1.97%

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