11:30AM New York – Anadarko and DivX gained on earnings rise but Interline and Drugstore.com fell on lower earnings.

Anadarko Petroleum Corporation., an oil and gas exploration and production company said revenue fell to $2.9 billion, decreased 83% or from $5.2 billion a year ago. Net income totaled $286 million, or $0.61 per share diluted, totaled $237 million, or $0.50 per share a year ago.

Anadarko stock (APC: chart) rose $6.83 to $74.98.

Assisted Living Concepts, Inc., operate 208 assisted living residences in 17 states in the United States said first quarter of 2008 revenues increased 4.7% to $60.2 million from $57.5 million in the same period of a year ago. Net income in the quarter was $4.1 million or $0.06 earnings per share as compared to $0.07 per share for the first quarter of 2007.

Assisted Living stock (ALC: chart) fell 15 cents to $6.97.

DivX, Inc digital content creators said first quarter of 2008 revenue rose 24% to $25 million, from $20.2 million last year. Net income fell to $2.5 million, or 7 cents per share, from $3.7 million, or 10 cents per share, in the corresponding quarter last year.

DivX stock (DIVX: chart) rose $1.01 to $8.75.

Drugstore.com, Inc, an online provider of health and pharmacy products said first quarter 2008 net sales rose 10% to $120.6 million compared to $109.7 million a year ago. Net loss for the first quarter was $2.7 million or $0.03 per share compared to a net loss of $3.8 million or $0.04 per share, a year ago.

Drugstore.com is targeting net sales in the second quarter in the range between $118.0 million and $122.0 million, net loss in the range of $2.0 million to $3.0 million, and adjusted EBITDA in the range of $2.0 million to $3.0 million.

Drugstore stock (DSCM: chart) fell 38 cents to $2.06.

Gafisa SA, a Brazil-based diversified home builder said first quarter of 2008 revenue rose 42% to R$319.5 million from R$224.3 million over the first quarter of 2007. Net income was R41.6 million or earnings per share were R0.32 compared to $20.5 million a year ago. Earnings per share rose 88% from a year ago.

Gafisa''s land bank totaled rose 94% to R11.1 billion at the end of first quarter from a year ago and 9% increase over the previous quarter. The 42% of the consolidated land bank was in new markets. The Company''s land bank currently is composed of 144 different sites.

Gafisa SA stock (GFA: chart) fell $2.12 to $43.

Interline Brands, Inc, a national distributor of maintenance products said sales for the first quarter declined 2.1% to $289.1 million from $295.4 million a year ago.Net earnings in the quarter fell to $8.67 million compared to $9.44 million a year ago and earnings per share declined to 27 cents from 29 cents a year ago.

Interline stock (IBI: chart) fell $3.16 or 16% to $16.35.

LookSmart, Ltd, an internet portal said revenues for the first quarter 2008 increased 47% to $17.5 million from $11.9 million a year ago. Net loss in the quarter was $0.5 million or $0.02 per share, compared to net loss of $3.4 million or $0.15 per share a year ago. Net income for the fourth quarter of 2007 was $13.2 million or $0.58 per share based on 22.9 million weighted average shares outstanding, which included a gain of approximately $14.5 million resulting from the sale of certain consumer assets

Total paid clicks increased to approximately 152 million in the first quarter compared to approximately 94 million a year ago and 117 million for the fourth quarter of 2007.

LookSmart (LOOK: chart) stock rose 9 cents to $4.68.