Jackson Hewitt (JTX) reported a quarterly loss of 68 cents per share, as compared to a loss of 78 cents in the same quarter last year. The company, whose revenues are mostly earned only during tax season, is looking ahead to the 2010 tax season which will include the company's first ever online tax preparation product, as well as operations in at least 1,800 Walmart (NYSE:WMT) stores under an exclusive arrangement with Walmart. That number is above the company's prior guidance for 1,500 to 1,750 Walmart stores. Investors cheered the report, sending shares of Jackson Hewitt about 16 and a half percent higher.
Healthcare products manufacturer The Cooper Companies (NASDAQ:COO) announced quarterly earnings of 66 cents, up a penny from the same quarter last year. Revenue was up 6% year over year. Looking ahead, the company projected 2010 earnings of between 2 dollars and 17 cents and 2 dollars and 27 cents per share. Shares of The Cooper Companies advanced 12% in Wednesday trading.
Media and marketing company Valassis (VCI) announced 2010 guidance on Wednesday, projecting earnings per share of 2 dollars and 48 cents. Valassis said consumer demand remains strong for the company's products. Investors sent shares of Valassis more than 11 and a half percent higher.
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