Updated from 11:21 a.m. EDTInvestors were banging the drum on Energizer Holdings ( ENR) Tuesday. Its shares were among the NYSE's winners, rising 14.3% after the battery maker's first-quarter numbers blew past estimates. The company earned $121.7 million, or $1.62 a share, on sales of $875.9 million. Analysts polled by Thomson First Call were expecting earnings of $1.38 a share on sales of $860.7 million. A year ago the company earned $115 million, or $1.32 a share, on sales of $811.7 million. Currency translation added $23.8 million to latest-quarter sales. Sales in the North American battery segment rose 4% from a year ago to $386.4 million, while international battery sales rose 9% to $261.3 million. Razors and blades sales jumped 12% to $228.2 million. Shares of Energizer traded up $6.89 to $54.99. Sara Lee ( SLE) fell 8.2% after the company warned that third-quarter results would fall short of expectations. For its second quarter, the foodmaker earned $326 million, or 41 cents a share, on sales of $5.2 billion. Analysts were expecting earnings of 38 cents a share on sales of $5.21 billion. A year ago the company earned $312 million, or 39 cents a share, on sales of $5.02 billion. Looking ahead, the company forecast third-quarter earnings of 29 cents to 34 cents a share, citing rising raw materials costs and tough sales conditions in Europe. Analysts had been expecting earnings of 36 cents a share on sales of $4.87 billion. Shares traded down $2.05 to $22.90. Shares of Kellwood ( KWD) fell 6.9% after the clothing marketer halved fourth-quarter earnings guidance, citing weak orders and rising markdowns. The company, which markets apparel under the Izod, Calvin Klein and Liz Claiborne brands, expects to earn 23 cents a share on sales of $585 million. Previously, the company expected earnings of 48 cents a share on sales of $600 million. Analysts had been expecting earnings of 48 cents a share on sales of $595.3 million. "Essentially all of the drop in sales and earnings from our earlier forecast occurred in the women's sportswear segment due to a combination of having to provide significantly more end-of-year markdown assistance for some of our brands, having to sell more units off price to liquidate seasonal inventory, and lower-than-expected spring 2005 orders," the company said. Looking ahead, the company expects 2005 sales to be flat with 2004 sales, which the company expects to be $2.55 billion. Shares traded down $2.08 to $28.12. Flagstar Bancorp ( FBC) rose 2.7% despite the banking company posting fourth-quarter earnings that fell below its forecast and below Wall Street's expectations. The company posted earnings of $28.2 million, or 44 cents a share, 7 cents below the company's previous forecast. Analysts were expecting earnings of 47 cents a share. The earnings shortfall was due to lower-than-expected gain on sale margins and decreased interest margins. Shares traded up 55 cents to $21.26.
Shares of Pepsi Bottling Group ( PBG) rose 2.2% after the company posted in-line, fourth-quarter earnings on sales that beat expectations. Excluding items, the company earned $74 million, or 30 cents a share, on sales of $3.23 billion. Analysts were expecting earnings of 30 cents a share on sales of $3.15 billion. Looking ahead, Pepsi Bottling expects 2005 earnings of $1.76 to $1.84 a share, which excludes the benefit of a 53rd week during its fiscal 2005. Including that extra week, the company expects earnings of $1.78 to $1.87 a share. Analysts are expecting earnings of $1.80 a share on sales of $11.29 billion. Shares traded up 57 cents to $26.65. NYSE volume leaders included Lucent ( LU), down 8 cents to $3.13; EMC ( EMC), down 36 cents to $12.48; Pfizer ( PFE), up 33 cents to $24.59; Beverly Enterprises ( BEV), up $2.39 to $11.77; and General Electric ( GE), up 44 cents to $35.70. Nasdaq volume leaders included Intel ( INTC), up 27 cents to $22.26; Cisco ( CSCO), down 24 cents to $17.51; Sirius Satellite Radio ( SIRI), up 15 cents to $6.24; Microsoft ( MSFT), up 35 cents to $26.02; Oracle ( ORCL), up 35 cents to $13.59; Applied Materials ( AMAT), up 48 cents to $15.65; and Aastrom Bioscience ( ASTM), up 37 cents to $3.60.