Stocks in Motion: Rayovac - TheStreet

Updated from 11:35 a.m. EST

Shares of

Lone Star Steakhouse

(STAR) - Get Report

were among the

Nasdaq's

winners Tuesday, rising 4.9% after the company posted fourth-quarter earnings and sales that were better than expected.

The restaurant operator posted earnings of $10.6 million, or 47 cents a share, on sales of $205.4 million. Results included a noncash stock compensation expense, which reduced earnings by $671,000. Analysts polled by Thomson First Call expected earnings of 30 cents a share on sales of $200.5 million. A year ago Lone Star earned $7.7 million, or 32 cents a share, on sales of $183.8 million. Shares traded up $1.31 to $28.10.

Lehman Brothers

( LEH) rose 3.1% after the brokerage posted first-quarter results that were well above expectations. Lehman earned $875 million, or $2.91 a share, on sales of $3.81 billion. Analysts expected earnings of $2.20 a share on sales of $3.11 billion. A year ago the company earned $670 million, or $2.21 a share, on sales of $3.14 billion. Results were driven by fixed-income trading revenue, which rose 29% to $2.07 billion. Shares traded up $2.87 to $96.19.

Shares of

Rayovac

( ROV) rose 9.5% after the company announced the acquisition of pet-supplies company Tetra Holding. Rayovac will buy the privately held Germany-based company for about $550 million, continuing the company's ongoing expansion into pet supplies. Rayovac said the combination of its United Pet Group business and Tetra would make it the largest manufacturer of pet supplies in the world. The deal, which is subject to customary conditions, is scheduled to close prior to June 30. Shares of Rayovac traded up $3.89 to $45.

Albertson's

(ABS)

fell 4.3% after the supermarket chain reported a decent fourth quarter but guided 2005 lower. The company posted operating income of $186 million, or 50 cents a share, on sales of $11.08 billion. Excluding items, the company earned 52 cents a share, in line with analysts' expectations. Analysts expected sales of $10.9 billion. Looking ahead, Albertson's forecast full-year earnings between $1.33 and $1.43 a share. The estimate includes an expense of 4 cents related to the expensing of stock options. Analysts are expecting earnings of $1.55 a share. Shares traded down 90 cents to $19.97.

Shares of

Performance Food Group

(PFGC) - Get Report

rose 4.5% after the company said it completed its previously announced investigation into accounting practices at its Broadline business and found no reason to change any of its previously issued financial statements. "We are pleased that the audit committee investigation did not result in the need to make any changes to our previously issued financial statements," the company said. PFG said it would continue to cooperate with the

Securities and Exchange Commission's

inquiry into the accounting issues. Shares traded up $1.23 to $28.38.

NYSE

volume leaders included

Lucent

( LU), down 2 cents to $2.91;

Time Warner

(TWX)

, up 42 cents to $18.03;

Genentech

( DNA), down 75 cents to $54.25;

American International Group

(AIG) - Get Report

, down $1.93 to $61.92;

Elan

(ELN)

, down 40 cents to $7.21;

Pfizer

(PFE) - Get Report

, down 24 cents to $26.29; and

Liberty Media

(L) - Get Report

, up 27 cents to $10.50.

Nasdaq volume leaders included

Microsoft

(MSFT) - Get Report

, down 20 cents to $24.91;

TiVo

(TIVO) - Get Report

, up $2.87 to $6.70;

Intel

(INTC) - Get Report

, down 39 cents to $23.88;

Cisco

(CSCO) - Get Report

, down 29 cents to $18.25;

Oracle

(ORCL) - Get Report

, unchanged at $13.15;

Sirius Satellite Radio

(SIRI) - Get Report

, unchanged at $5.33;

Sun Microsystems

(SUNW) - Get Report

, down 4 cents to $4.35;

Applied Materials

(AMAT) - Get Report

, down 33 cents to $16.20; and

eBay

(EBAY) - Get Report

, up 59 cents to $37.07.