Stocks drifted higher after the close Monday as more companies shuttled in their first-quarter earnings reports.
, of Las Vegas,
to a first-quarter GAAP-based profit and posted adjusted earnings of 67 cents a share, vs. 3 cents last year. Analysts polled by Thomson Financial were seeking 55 cents a share. Shares were gaining 2.1% to $104 in heavy trading.
jumped 9.4% to $64.60 after the Houston-based energy-services outfit reported that first-quarter income tripled to $158.1 million, or $1.38 a share, on sharply higher revenue of $1.36 billion. Analysts sought profits of 75 cents a share on $1.27 billion in sales.
Elsewhere, online jewelry retailer
, of Seattle, gained 5.6% to $50.01 after first-quarter earnings totaled 19 cents a share -- a 6-cent jump from last year and 4 cents more than expected.
, a New York-based insurance broker, was up 5.5% to $13.80 on mounting profits and revenue, and Florida's
WellCare Health Plans
topped the Street's average profit forecast while boosting its 2007 outlook. Shares added 8.4% to $89.75.
Among Monday's after-hours laggards, however, was
( HLYS), maker of children's sneaker-skates. Directors and officers will sell 8 million company shares along with a 1.2-million-share underwriter's option for covering any overallotments. As part of the offering, Capital Southwest Venture is slated to cut its 34.4% stake by more than half. The Dallas-based company
topped first-quarter estimates
, but shares were still plunging 13.3% to $31.50.
Other late movers included tech stocks
Sonus, a Westford, Mass., Internet phone-switch maker, initially sank 3.7% on heavy volume after first-quarter sales came in
, but shares recently reversed course, rising 3.8% to $7.65. California-based Powerwave, a wireless-equipment maker, posted a first-quarter loss of 20 cents a share (pro forma), which reverses last year's 3-cent profit and falls a nickel under Wall Street projections. Shares slid 6.6% at $6.25.
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