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Earnings Reports & Outlooks

21st Century Holding

(TCHC)

, a financial services company, raised its first-quarter earnings estimate to 28 cents a share from 25 cents a share. The company now expects earnings of $1.15 a share in 2002, up from its previous forecast of $1.10. The company left its 2003 projection unchanged at $1.50. The stock was up 22% to $6.06.

Albany International

(AIN) - Get Albany International Corp. Class A Report

expects first-quarter earnings of 26 cents to 28 cents, before factoring in the effect of an accounting change. Analysts expect the company, a maker of paper machine clothing and high performance doors, to earn 49 cents. In the same quarter a year ago, Albany earned 40 cents. The stock was down 15% to $25.43.

F5 Networks

(FFIV) - Get F5, Inc. Report

expects to post revenue of $27.1 million for the second quarter. The company was previously targeting $27.5 million to $29 million. The company, which makes products that manage Internet traffic and content, also expects to lose 6 cents to 8 cents a share in the quarter, compared with its prior forecast of a loss of 4 cents to 6 cents. Analysts were looking for a loss of 5 cents. The stock was losing 9% to $15.37.

PLX Technology

(PLXT)

expects that first-quarter revenue will be about 15% below the fourth-quarter top line of $11.7 million. The semiconductor and software company still expects to be profitable, on a limited basis, and cash-flow positive in the first quarter. The stock was down 19% to $7.08.

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Spartan Motors

(SPAR) - Get Spartan Motors Inc. Report

today said sales for the first quarter totaled $66.9 million. The company attributed the result to strong sales of motorhome chassis, fire truck chassis and emergency-rescue vehicles. As a result of the higher sales, the company said first-quarter earnings would be higher than analysts' estimates, but it didn't provide a specific number. Spartan was up 16% to $9.01.

Mergers, Acquisitions & Joint Ventures

Nortek

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, a maker of building products, said New York buyout firm Kelso & Co. is considering making an offer to acquire the company. The bid would also involve certain members of Nortek's management. Nortek said Kelso indicated that it is only interested in pursuing an acquisition if the company and the board of directors support the deal. Nortek was up 7% to $39.99.

Miscellaneous News

Polymedica

( PLMD) said the

Securities and Exchange Commission

terminated its investigation of the company without recommending any enforcement action. The Justice Department is also investigating Polymedica, and the company said it will continue to cooperate with officials regarding that probe. The stock was up 0.4% at $25.52.

Reliant Resources

(RRI)

said the

Securities and Exchange Commission

is conducting an informal inquiry into the company's recent restatement of its earnings for the second and third quarters of 2001. The stock was down 7% to $14.80.