11:25 AM New York – DirecTV first quarter net increased 8% to $731 million on little subscriber growth and Discovery Communications net declined 28% to $221 million. Electronic Arts fourth quarter net surged 165% to $400 million. Fossil first quarter net rose 4.2% and raise fiscal revenue outlook.

DirecTV (DTV) decreased 2.2% or $1.06 to $46.84 after the digital television service provider reported first quarter revenue grew 12% to $7.05 billion from $6.32 billion in the same quarter last year. Net income in the quarter increased 8% to $731 million or $1.07 per diluted share compared to $674 million or 85 cents per share in the year ago earlier.

Latin America records for gross and net additions with 1 million and 593,000 respectively in the quarter and adds 81,000 new subscribers as churn drops 6 basis points to 1.44%.

Discovery Communications, Inc. (DISCA) slumped 5.7% or $3.10 to $50.98 after the media and entertainment reported first quarter revenue increased 16% to $1.10 billion from $951 million in the same quarter last year. Net income in the quarter declined 28% to $221 million or 57 cents per diluted share compared to $305 million or 74 cents per share in the year ago earlier.

For the full year total revenue expects between $4.55 billion and $4.65 billion and net income would be of $1.0 billion to $1.1 billion.

Electronic Arts Inc. (EA) dropped 7.7% or $1.17 to $13.96 after the game software maker reported fourth quarter revenue soared 26% to $1.37 billion from $1.09 billion in the same quarter last year. Net income in the quarter surged 165% to $400 million or $1.20 per diluted share compared to $151 million or 45 cents per share in the year ago earlier.

First quarter net revenue expected to be about $950 million and earnings to be approx 40 cents to 48 cents. Fiscal 2013 net revenue expected to be about $4.07 billion and earnings loss to be approx of 36 cents to 16 cents.

Fossil, Inc. (FOSL) tumbled 35.2% or $44.35 to $81.42 after the fashion accessory maker reported first quarter net sales grew 9.8% to $589.5 million from $537.0 million in the same quarter last year. Net income in the quarter rose 4.2% to $58.1 million or 93 cents per diluted share compared to $55.8 million or 86 cents per share in the year ago.

For the second quarter the Company expects reported net sales to increase approximately 16% and diluted earnings per share are expected to be in a range of 77 cents to 79 cents. For the fiscal, net sales to increase about 16% and earnings per share in a range of $5.30 to $5.40.

Molson Coors Brewing Company (TAP) decreased 3.5% or $1.49 to $40.55 after the holding company reported first quarter net sales edged up to $691.4 million from $690.4 million in the same quarter last year. Net income in the quarter slipped 4% to $79.5 million or 44 cents per diluted share compared to $82.9 million or 44 cents per share in the year ago period.

OfficeMax Incorporated (OMX) soared 10.6% or 47 cents to $4.87 after the office supplies retailer reported first quarter sales edged higher 0.5% to $1.87 billion from $1.86 billion in the first quarter of 2011. Net income for the period slumped 57% to $4.9 million or 6 cents per diluted share compared to net income of $11.4 million or 13 cents per share last year.

Perrigo Company (PRGO) slumped 6.7% or $7.04 to $96.74 after the healthcare company reported third quarter net sales grew 13% to $778.0 million from $691.6 million in the same quarter last year. Net income in the quarter surged 26% to $115.7 million or $1.23 per diluted share compared to $91.5 million or 98 cents per share in the year ago period.

Rackspace Hosting, Inc. (RAX) plunged 13.2% or $7.67 to $50.13 after the cloud computing service provider reported first quarter revenue soared 31% to $301.3 million from $230.0 million in the same quarter last year. Net income in the quarter surged 68% to $23.2 million or 17 cents per diluted share compared to $13.8 million or 10 cents per share in the year ago period.

The Wendy’s Company (WEN) slipped 4.1% or 20 cents to $4.67 after the restaurants operator reported first quarter revenue edged up 59% to $593.2 million from $582.5 million in the same quarter last year. Same store sales increase of 0.8%. Net income in the quarter swung to $12.3 million or 3 cents per diluted share compared to net loss of $1.4 million or break even per share in the year ago quarter.

Tenet Healthcare Corporation (THC) decreased 3.7% or 19 cents to $4.85 after the medical treatment provider reported first quarter revenue rose 2.2% to $2.35 billion from $2.29 billion in the same quarter last year. Net income in the quarter slumped 21% to $58 million or 13 cents per diluted share compared to $73 million or 14 cents per share in the year ago.

Wynn Resorts, Limited (WYNN) declined 4.1% or $5.17 to $120.02 after the developer, owner and operator of destination casino resorts reported first quarter net revenue rose 4% to $1.31 billion compared to $1.26 billion last year. Net income in the quarter dropped 19% to $140.6 million or $1.23 per share compared to net income of $173.8 million or $1.39 per share last year.