Updated from 11:37 a.m. ESTShares of Electronics Boutique ( ELBO) were among the Nasdaq's losers Monday, falling 2.6% after the company posted fourth-quarter earnings that were better than expected but forecast first-quarter earnings that are below expectations. Excluding items, the retailer of video games earned $40.8 million, or $1.64 a share, on sales of $809 million. Analysts polled by Thomson First Call were expecting earnings of $1.62 a share on sales of $789.9 million. A year ago the company earned $36.5 million, or $1.45 a share, on sales of $671.5 million. Looking ahead, the company forecast first-quarter earnings of 12 cents to 14 cents a share on sales growth of 30% to 34%. Analysts are expecting earnings of 15 cents a share on sales of $443.3 million, or sales growth of 19%. For the full year, Electronics Boutique forecast earnings of $2.34 to $2.44 a share on sales growth of 15% to 20%. Analysts are expecting fiscal 2006 earnings of $2.43 a share on sales of $2.29 billion, or sales growth of 15%. Shares traded down $1.02 to $38.47. Buca ( BUCA) fell 7.1% after the company delayed its annual report and announced the suspension of two executives. The operator of Italian restaurants said the delay would allow the company to complete work on the previously announced restatements that pertain to fiscal years 2000 through 2003 as well as the first three quarter of 2004. Buca also announced the suspension of interim chief financial officer Dan Skrypek and John Motschenbacher, the company's chief information officer. The two have been "relieved of their duties pending the company's continuing review associated with its 2004 fiscal year-end financial statement closing and audit," the company said. Shares traded down 50 cents to $6.50. Shares of AutoZone ( AZO) fell 12.8% after the auto parts retailer announced the resignation of Steve Odland, who served as chairman, president and chief executive. Odland is leaving the company to serve as Office Depot's ( ODP) chairman and CEO. AutoZone named William Rhodes as its new president and CEO, while J.R. Hyde will serve as interim nonexecutive chairman. In addition to announcing the management changes, AutoZone also said that same-store sales through the first four weeks of the third quarter were down 7%. "While our sales have been a disappointment thus far, we believe the higher gas prices and cooler-than-normal spring across the country has yet to trigger the usual pickup in customer traffic," AutoZone said. The company expects improvement throughout the remaining eight weeks of the quarter. Shares of AutoZone traded down $12.55 to $85.75.
Hansen Natural ( HANS) soared 26.1% after the company posted huge gains in fourth-quarter earnings and sales. The beverage maker posted earnings of $7.3 million, or 61 cents a share, on sales of $62.1 million. A year ago the company earned $1.2 million, or 11 cents a share, on sales of $33.1 million. For the full year, the company posted earnings of $20.4 million, or $1.73 a share, on sales of $227 million. A year earlier, the company earned $5.9 million, or 55 cents a share. Hansen said that strong sales of the company's Monster energy line contributed to the record earnings and sales. Shares traded up $11.31 to $54.57. Shares of Park-Ohio Holdings ( PKOH) fell 16.7% after the company posted fourth-quarter results. Excluding items, the supply chain services company posted a profit of $3.7 million, or 33 cents a share, on sales of $214.6 million. A year ago the company posted earnings of $2.4 million, or 22 cents a share, on sales of $162.7 million. Park-Ohio said that margins were hurt by rising steel and natural gas costs, as well as by costs associated with the Sarbanes-Oxley Act. Looking ahead, the company expects 2005 earnings of $2 to $2.15 a share on sales growth of 10%. Sales grew by 30% during 2004. Shares traded down $4.87 to $24.31. NYSE volume leaders included Lucent ( LU), up 1 cent to $2.93; American International Group ( AIG), down 86 cents to $63.85; Elan ( ELN), up 54 cents to $7.61; Time Warner ( TWX), up 11 cents to $17.61; Pfizer ( PFE), up 17 cents to $26.53; and Exxon Mobil ( XOM), up 23 cents to $61.28. Nasdaq volume leaders included Microsoft ( MSFT), up 2 cents to $25.11; Sun Microsystems ( SUNW), down 6 cents to $4.39; Intel ( INTC), up 7 cents to $24.27; Sirius Satellite Radio ( SIRI), down 3 cents to $5.33; eBay ( EBAY), down $1.77 to $36.48; Cisco ( CSCO), up 9 cents to $18.54; Oracle ( ORCL), up 6 cents to $13.15; Ascential Software ( ASCL), up $2.59 to $18.29; and Apple Computer ( AAPL), up 5 cents to $40.32.