Sierra Pacific Resources (SRP: chart) posted Q3 net earnings of 33 cents a share, down from 49 cents a share in the same period last year on revenue growth and improved sales and customer growth from its power subsidiaries, missing analyst estimate of 49 cents a share. The company incurred one-time charges for costs and fees connected with the early conversion of Sierra Pacific''s 7.25% convertible notes issued in 2003.

Pilgrim''s Pride Corp (PPC: chart), poultry producer, posted fiscal Q4 net income of $1.12 a share slightly down from $1.13 in the year-ago period on revenue decline and lower sales, beating analyst view of $1.08 a share If not for non-recurring items, the year-ago earnings were 99 cents a share.

Kerzner International Ltd (KZL: chart), casino and destination-resorts operator, posted a Q3 net loss of 14 cents a share, up from last year''s loss of 33 cents a share on revenue growth.. On an adjusted basis, the company would have gained 28 cents a share, up from 11 cents a year before, and beating on that basis analyst expectations of a net profit of 22 cents a share.

Beverly Enterprises (BEV: chart), provider of healthcare services to the elderly, posted Q3 earnings of 18 cents a share, down from 20 cents a share in the same period last year on 11% revenue growth. If not for non-recurring items, the company would have earned 24 cents a share, matching analyst estimate.

Pinnacle Entertainment Inc. (PNK: chart), casino operator, reported that it reversed Q3 net income of 12 cents a share, from a year-earlier loss of 9 cents on revenue growth On an adjusted basis, the company’s loss widened to 9 cents a share, from 7 cents in the comparable period last year.

Dreyer''s Grand Ice Cream Holdings (DRYR: chart), ice cream producer, reported a Q3 loss of 78 cents a share up from a loss of 81 cents a share in the year-earlier period on 10% revenue growth

J&J Snack Foods Corp (JJSF: chart), snack items producer, announced fiscal Q4 net income advanced to $1.06 a share, up from 96 cents a share in the year-ago period on higher sales. J&J stated continued strong performance in food services. In addition, warm weather helped the ICEE and frozen-dessert product lines.

CORPORATE NEWS

Flyi Inc low-fare operator of independence air, filed for Chapter 11 bankruptcy protection Monday. The airline hopes to enter into a court-supervised auction process to attract a new investor or purchaser in the next 60 days. As analysts have speculated for months with its bankruptcy filing, the airline’s shares have traded at less than $1 for months. Shares closed at 19 cents Friday on the Nasdaq Stock Market.

Microsoft Corp. appears to be the front-runner in talks about the potential sale of a stake in America Online. Several issues could hinder reaching an agreement. The New York Times reports one issue is whether such an alliance would be another risky partnership for Time Warner Inc. The company is also looking at whether a new partner at AOL could help Time Warner navigate the digital world.