[R]7:00PM New York – Macy’s and Nice Systems rise but Whole Foods plunges after the earnings release.[/R]

Applied Materials, Inc semiconductor equipment maker said second quarter revenues slipped 15% to $2.15 billion from $2.53 billion a year ago. Net income in the quarter falls 36% to $302.5 million or 22 cents per diluted share compared to net income of $411.4 million or 29 cents per share, a year ago.

Applied Materials, Inc stock (AMAT: chart) added 4 cents to $19.90.

eDiets.com, Inc, an Internent based weigh management company said first quarter revenues rose 4.54% to $8.8 million from $8.4 million a year ago. Net loss in the quarter was $5.1 million or 20 cents per diluted share compared to net loss of $1.3 million or 5 cents per share, a year ago.

eDiets.com, Inc stock (DIET: chart) added 16 cents to $3.95.

Electronic Arts Inc publisher of interactive software games said fourth quarter revenues jumped 84% to $1.13 billion from $613 million a year ago. Net loss in the quarter was $94 million or 30 cents per diluted share compared to net loss of $25 million or 8 cents per share, a year ago. For the year the publisher reported net loss of $454 million compared to net income of $76 million or a loss per share of $1.45 compared to 24 cent per share income. Revenue in the fiscal year ended in March 2008 was $3.66 billion, up 19% from a year ago.

Electronic Arts Inc stock (ERTS: chart) fell $1.79 to $52.78.

Given Imaging Ltd, a wireless imaging system said first quarter revenues rose 18% to $27.1 million from $23.1 million a year ago. Net income in the quarter increased 90.9% to $1.1 million or 3 cents per diluted share compared to net income of $0.1 million or break even, a year ago.

Given Imaging Ltd stock (GIVN: chart) fell 47 cents to $15.79.

Home Inns & Hotels Management Inc a China-based discount hotel chain operator said first quarter revenues rose 94.9% to RMB 357.0 million or $50.9 million from RMB 172.58 million a year ago. Net loss in the quarter was RMB 50.29 million or RMB 71 per diluted share compared to net income of RMB 2.96 million or RMB 4 per share, a year ago.

Home Inns & Hotels Management Inc stock (HMIN: chart) rose $1.41 to close at $25.00.

Macy''s, Inc., departmental stores retailer today reported sales declined 2.9% to $5.7 billion compared to $5.921 billion in the same period last year. First quarter net loss was $59 million or $0.14 per diluted share compared with net income of $36 million or $0.08 per share a year-ago. Operating income $30 million or 0.5% of sales compared with $208 million or 3.5% for the same period last year. Net cash provided by continuing operating activities was $21 million compared with $370 million in the first quarter last year.

Macy''s reaffirm same store sales guidance

Macy’s anticipates same stores sales in the fiscal 2008 to be in the range of down 1% to increased 1.5% with earnings per share on a diluted basis of $1.85 to $2.15. The company expects to book more or less $60 million in division consolidation costs in the final three quarters of 2008. The company operates more than 850 department stores in 45 states.

Macy’s stock (M: chart) increased 87 cents to $24.92.

NICE Systems Ltd, a security and compliance technology provider reported first quarter revenues rose 19.73% to $144.4 million from $115.9 million a year ago. Net income in the quarter fell 9% to $7.9 million or 13 cents per diluted share compared to net income of $8.7 million or 16 cents per share, a year ago.

NICE Systems Ltd stock (NICE: chart) added $2.33 to $33.34.

Whole Foods Market, Inc, operator of expensive organic supermarket stores reported second quarter revenues rose 28% to $1.9 billion from $1.5 billion a year ago. Net income in the quarter dropped 13% to $40 million or 29 cents per diluted share compared to net income of $46 million or 32 cents per share, a year ago.

Whole Foods Market, Inc stock (WFMI: chart) fell $4.68 to $28.96 to a price last traded in October 2003. The company split the stock 2 for one on December 28, 2005.