RadioShack(RSH Quote) was among the NYSE's losers Monday, as the electronics retailer dipped 11% after posting a drop in net sales, despite swinging to a second-quarter profit.
The company earned $47 million, or 34 cents a share, compared to a loss of $3.2 million, or 2 cents a share, in the year-ago period. But revenue slipped to $934.8 million, from $1.1 billion. Analysts polled by Thomson Financial expected earnings of 25 cents a share on sales of $982.5 million. Shares fell $3.07 to $25.73.
Graham Corp.(GHM Quote) jumped 34% after the maker of industrial products like pumps and vacuum systems easily outpaced expectations. Graham's fiscal first-quarter sales increased to $20 million, from $14.6 million in the year-ago period. Profits more than doubled to $2.7 million, or 66 cents a share, from $1.1 million, or 28 cents a share. The single-analyst estimate noted by Thomson Financial predicted earnings of 28 cents a share. Graham also said it expected top-line growth near the top of the 10% to 15% range it earlier had provided. Shares jumped $9.26 to $36.06. ...
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