were among the
winners Monday, climbing 11% after the radio station operator posted better-than-expected first-quarter results and boosted its stock buyback program.
The company earned $7.8 million, or 19 cents a share, on revenue of $91.1 million. Excluding certain items, the company earned 18 cents a share. Analysts polled by Thomson First Call expected earnings of 14 cents a share on revenue of $90.5 million. During the year-earlier quarter, the company earned $16.2 million, or 34 cents a share, on revenue of $94.3 million.
Excluding items, the company earned 26 cents a share during the year-earlier quarter. "First-quarter results were adversely affected by sluggish advertising conditions affecting all traditional media, exacerbated by weakness in the New Orleans and Boston markets," the company said.
Looking ahead, Entercom expects second-quarter net revenue, on a same-station basis, to drop by a mid-single-digit percentage from a year ago. Station operating expenses, meanwhile, are expected to fall about 1%.
Entercom, which called its stock "significantly undervalued," said it plans to purchase an additional $100 million in stock as part of its buyback program. During the first quarter, the company bought 2.6 million shares for $77.2 million. The shares recently were trading up $3.07 to $30.69.
shares rose 11% after the maker of printed circuit materials posted fiscal fourth-quarter earnings that blew past Wall Street's expectation. For the quarter ended Feb. 26, the company reported earnings of $5.7 million, or 28 cents a share, on revenue of $57 million.
Excluding items, the company earned $10.9 million, or 54 cents a share, well above analysts' estimate of 40 cents. During the year-earlier period, the company recorded adjusted earnings of $4.9 million, or 25 cents a share, on revenue of $51.2 million. Shares were trading up $3.63 to $36.19.
Despite posting first-quarter results that were well above expectations,
( FTO) moved slightly lower Monday. The oil refiner reported earnings of $57.6 million, or $1.02 a share, up from $34.4 million, or 62 cents a share, a year earlier. Revenue jumped to $1.01 billion from $692.6 million. Analysts expected earnings of 82 cents a share on revenue of $882.6 million.
"Frontier's record results are attributable to outstanding crude oil differentials as well as wide product crack spreads," the company said. Shares recently changed hands at $63.25, down 12 cents.
rose 1% after the company reported better-than-expected first-quarter earnings. The oil and gas producer earned $8.6 million, or 34 cents a share, on revenue of $25.3 million. Analysts expected earnings of 13 cents a share, with revenue of $25.1 million.
During the year-earlier quarter, the company reported a loss of $6.3 million, or 30 cents a share, on revenue of $12.6 million. Shares were trading up 19 cents to $27.35.
( HOC) rose 3% after the oil refiner's first-quarter earnings easily topped analysts' projection. The company earned $46.8 million, or $1.56 a share, on revenue of $791.6 million. Excluding a one-time gain, the company earned $31.2 million, or $1.04 a share, compared with analysts' estimate of 92 cents.
During the year-earlier quarter, Holly earned $13.6 million, or 42 cents a share, on revenue of $624.7 million. Excluding items, year-earlier earnings were $14.4 million, or 45 cents a share.
"We are very pleased with our 2006 first-quarter results, as we realized solid refined product margins, which were especially strong late in the first quarter and continuing into the second quarter," the company said. Shares were up $2.50 to $79.40.
NYSE volume leaders included
, down $3.20 to $56.19;
Golden West Financial
( GDW), up $5.49 to $76;
( LU), down 2 cents to $2.78;
( FSH), up $4.12 to $77.85;
, unchanged at $17.06;
, up $9.10 to $68.18;
, down 12 cents to $28.97;
, up 13 cents to $39.58; and
, up 6 cents to $25.47.
volume leaders included
, up 52 cents to $20.03;
, up 2 cents to $5.12;
, down 18 cents to $23.62;
, down 81 cents to $31.58;
, unchanged at $21.75;
, down 8 cents to $3.31;
, up 65 cents to $72.54;
Sirius Satellite Radio
, up 1 cent to $4.74; and
, down 13 cents to $14.32.