) reported a 41% decline in its first-quarter profit on Tuesday. The company reported its Q1 profit at $25.3 million, or $0.14 per share, compared with $43.2 million, or $0.24 per share, in the year-earlier period. The company's net sales increased 3% to $3.05 billion. However, analysts were expecting earnings of $0.06 per share on revenue of $3.07 billion. The company lifted its current-year earnings guidance to $0.67 to $0.75 per share from its previous forecast of $0.55 to $0.65 per share. The company projects its current quarter earnings of $0.15 to $0.20 per share, versus analysts' estimates of $0.13 per share. K12 Inc (NYSE:

) reported weaker-than-expected fiscal third-quarter profit. K12 reported its FQ3 profit at $5.6 million, or $0.16 per share, versus $6.1 million, or $0.20 per share, in the year-earlier period. The company's revenue climbed 35% to $130.3 million. However, analysts were expecting earnings of $0.21 per share on revenue of $131 million. K12's operating margin for the latest quarter narrowed to 8.3% versus 10.7%. The company's average enrollment surged 47% to 101,030. M.D.C. Holdings Inc (NYSE:

) reported its first-half net profit at 926 million pounds ($1.51 billion), from 689 million pounds, in the year-earlier period. The company's total revenue climbed to 13.7 billion pounds from 13.37 billion pounds. Its total volumes, including cigarettes and fine-cut tobacco, dropped 0.7% to 164.9 billion sticks from 166.1 billion sticks. The company also declared a dividend of 28.1 pence and announced a 500 million pounds share repurchase program. Home Inns & Hotels Management Inc (NASDAQ: