Today's Early Winners and Losers

Shares of General Cable(BGC Quote) jumped 8% in late trading Monday after the maker of wire and cable products posted first-quarter results that handily topped Wall Street's forecast. The company's earnings rose to $21.4 million, or 41 cents a share, from $9 million, or 18 cents a share, a year ago. Analysts polled by Thomson First Call were looking for the company to post earnings of 27 cents a share. Sales jumped to $804.3 million from $554.2 million.

Looking ahead, General Cable forecast second-quarter earnings of 40 cents to 45 cents a share, on revenue of between $820 million to $840 million. Two analysts have an average estimate for earnings of 38 cents a share and revenue of $748.6 million. Shares rose $2.57 to $34.55 after hours.

Tessera Technologies(TSRA Quote) fell after posting lower first-quarter earnings and offering a tepid second-quarter sales guidance. The company reported first-quarter income of $1.4 million, or 3 cents a share, compared with a year-earlier profit of $11.9 million, or 25 cents a share. Adjusted earnings, which exclude various items, were $6.5 million, or 14 cents a share, matching analysts' estimate. Revenue fell to $23.7 million from $27.9 million a year ago, but topped Wall Street's target of $23.3 million.

For the second quarter, Tessera expects revenue of $24.5 million, below Wall Street's projection of $26.1 million. The company also reaffirmed its 2006 total revenue guidance of $118 million to $122 million. Analysts are looking for $122.2 million in revenue for the year. Shares fell $1.08, or 3.4%, to $30.80 in late trading.

Shares of Intevac(IVAC Quote) fell even after the maker of disk-sputtering equipment posted first-quarter results that easily topped Wall Street's projection. Intevac said it swung to a profit of $7 million, or 32 cents a share, reversing a year-earlier loss of $3.9 million, or 19 cents a share. Revenue surged to $49.6 million from $10.6 million. Analysts polled by Thomson First Call were looking for earnings of 21 cents a share on revenue of $39.2 million. The company attributed the growth to strong orders of its 200 Lean disk-sputtering systems and improved margins. Shares, which initially advanced in after-hours trading, later fell $1.62 to $26.92.