(BRKA:NYSE) posted first-quarter operating earnings of $194 a share vs. the year-ago $203.
& Co. blamed lower results on the company's
unit, whose earnings fell on underwriting losses.
In other postclose news (earnings estimates from
; earnings reported on a diluted basis unless otherwise specified):
Earnings/revenue reports and previews
announced plans to close a baking facility in Sayreville, N.J., because of excess capacity. Keebler said it will take a $69 million charge to cover closing costs, which will lower second-quarter earnings by about 48 cents a share. The 10-analyst forecast called for earnings of 24 cents vs. the year-ago 22 cents. The company expects the closing will save $23 million annually.
Offerings and stock actions
, which distributes music on the Internet, filed for a $115 million IPO. The company hopes to trade on the
Nasdaq Stock Exchange
under the symbol MPPP. Elsewhere in new issues,
Aironet Wireless Communications
, a provider of high performance wireless local area network solutions, filed for a 6 million-share IPO. The company, which expects to trade on the Nasdaq under the symbol AIRO, estimated the initial range of the stock at $9 to $11 a share.
named E.K. Gaylord II as chairman, replacing his father who will become chairman emeritus.
said its chairman, Robert Cecil, would step down.