Monday's Winners & Losers: RadioShack
04/30/07 - 04:31 PM EDT
Updated from 10:42 a.m. EDT
RadioShack(RSH Quote - Cramer on RSH - Stock Picks) was among the NYSE's winners Monday, as shares jumped 4.9% after the electronics retailer posted better-than-expected first-quarter earnings. The company earned $42.5 million, or 31 cents a share, on revenue of $992.3 million. Excluding items, the company earned 29 cents a share. Analysts polled by Thomson Financial expected earnings of 14 cents a share on revenue of $1.04 billion. During the year-earlier period, the company earned $8.4 million, or 6 cents a share, on revenue of $1.16 billion. "We are encouraged by our progress, both in improvement of gross margin and management of SG&A expenses, resulting in a significant increase in both net income and cash balance," the company said. Shares closed up $1.35 to $29.07. Hercules Offshore(HERO Quote - Cramer on HERO - Stock Picks) rose 2.3% after the oil field-services company posted first-quarter results that beat expectations. The company earned $33.4 million, or $1.03 a share, on revenue of $110.5 million. Analysts expected earnings of 84 cents a share on revenue of $105.8 million. During the year-earlier quarter, the company posted adjusted earnings of $12.3 million, or 40 cents a share, on revenue of $56.1 million. Shares closed up 71 cents to $31.43. Shares of Alexander & Baldwin(ALEX Quote - Cramer on ALEX - Stock Picks) fell 1.4% after the ocean transportation company posted disappointing first-quarter results. The company earned $24.7 million, or 58 cents a share, on revenue of $385 million. Analysts expected earnings of 61 cents a share on revenue of $407.4 million. During the year-earlier quarter, the company earned $37.4 million, or 84 cents a share, on revenue of $360.6 million. Shares closed down 73 cents to $53.45. Kellogg(K Quote - Cramer on K - Stock Picks) traded actively after the cereal maker posted better-than-expected first-quarter results and boosted its full-year earnings outlook. The company earned $321 million, or 80 cents a share, on revenue of $2.96 billion. Results included a tax benefit of $40 million. Analysts expected earnings of 68 cents a share on revenue of $2.85 billion. During the year-earlier quarter, the company earned $274 million, or 68 cents a share, on revenue of $2.73 billion. Looking ahead, Kellogg now sees full-year earnings of $2.70 to $2.74 a share, up from an earlier forecast of $2.68 to $2.73 a share. Analysts project earnings of $2.75 a share. Shares were trading up 47 cents earlier in the day but closed down 17 cents to $52.91.Sponsored by:



