[R]2:15PM New York – JC Penney, Urban Outfitters, Teekay Corporation and Stanley rose after earnings.[/R]

J. C. Penney Company, Inc, department store retailer reported first quarter sales fell 5% to $4.13 billion from $4.35 billion a year ago. Net income in the quarter dropped 50% to $120 million or 54 cents per diluted share compared to net income of $238 million or $1.04 per share, a year ago.

J. C. Penney Company, Inc stock (JCP: chart) rose $1.88 to $46.15.

Melco PBL Entertainment (Macau) Limited, a casino and entertainment resort operator reported first quarter revenues surge of 230% to $482.9 million from $20.2 million a year ago. Net income in the quarter was $43.2 million or 9.8 cents per ADS compared to net loss of $27.2 million or 6.8 cents per ADS, a year ago.

Melco PBL Entertainment (Macau) Limited stock (MPEL: chart) fell $1.07 to $13.19.

Urban Outfitters, Inc, apparel retailer reported first quarter sales rose 25% to $394.3 million from $314.5 million a year ago. Net income in the quarter jumped 45% to $42.6 million or 25 cents per diluted share compared to net income of $29.4 million or 17 cents per share, a year ago.

Urban Outfitters, Inc stock (URBN: chart) fell 1 cent to $32.98.

Double Hull Tankers Inc, Oil tanker owner and operator said first quarter revenues rose 23% to $24.9 million from $20.2 million a year ago. Net income in the quarter jumped 6% to $7.6 million or 25 cents per diluted share compared to net income of $7.2 million or 24 cents per share, a year ago.

Double Hull Tankers Inc stock (DHT: chart) fell 12 cents to $11.14.

Furmanite Corporation, provides technical services said first quarter revenues rose 6.81% to $73.4 million from $68.4 million a year ago. Net income in the quarter jumped 56.75% to $3.7 million or 10 cents per diluted share compared to net income of $1.6 million or 4 cents per share, a year ago.

Furmanite Corporation stock (FRM: chart) fell 1 cent to $9.20.

ArcelorMittal SA, the world''s largest steelmaker said first quarter sales rose 22% to $29.8 billion from $24.47 billion a year ago. Net income in the quarter jumped 5% to $2.37 billion or $1.69 per diluted share compared to net income of $1.7 billion or $1.62 per share, a year ago.

ArcelorMittal SA stock (MT: chart) rose $1.64 to $98.64.

Stanley Inc, which provides systems integration and professional services to the federal government, said fourth quarter revenues rose 49% to $173.5 million from $116.6 million a year ago. Net income in the quarter jumped 70% to $7.7 million or 33 cents per diluted share compared to net income of $4.5 million or 20 cents per share, a year ago. For the year, Stanley posted profit of $26.2 million or $1.12 per share, on revenue of $604.3 million.

Stanley Inc stock (SXE: chart) increased $3.32 to $29.63.

Teekay Corporation, provides crude oil and petroleum product transportation services worldwide said first quarter revenues rose 21.45% to $736 million from $578 million a year ago. Net income in the quarter declined 4.2% to $15.2 million or 21 cents per diluted share compared to net income of $76.4 million or $1.02 per share, a year ago.

Teekay Corporation stock (TK: chart) rose $2.04 to $49.98.

E-House (China) Holdings Limited, a real estate services company in China reported first quarter revenues rose 107% to $33.2 million from $16.0 million a year ago. Net income in the quarter rose 97% to $8.7 million or 11 diluted earnings per ADS compared to net income of $4.4 million or diluted earnings per ADS 6, a year ago.

E-House (China) Holdings Limited stock (EJ: chart) fell 92 cents to $16.08.