Shares of Korn/Ferry International ( KFY - Get Report) were among the NYSE's winners Tuesday, rising 5% after the recruiting services company posted better-than-expected fourth-quarter results. The company reported earnings of $20.3 million, or 45 cents a share, on total revenue of $152.9 million. The company posted fee revenue of $145.3 million. Excluding a one-time tax benefit, the company earned $13.8 million, or 31 cents a share. Analysts polled by Thomson First Call expected earnings of 29 cents a share on revenue of $141.3 million. During the year-earlier quarter, the company earned $11.7 million, or 27 cents a share, on total revenue of $131 million. Looking ahead, Korn/Ferry sees first-quarter earnings, excluding stock-based compensation costs, of 28 cents to 33 cents a share. The company predicts fee revenue of $138 million to $145 million. Analysts project earnings of 29 cents a share on total revenue of $143.5 million. Shares were up 99 cents to $20.99 in recent trading. Bob Evans Farms ( BOBE) shares were recently trading up 3% after the restaurant operator posted fourth-quarter earnings that were better than expected. The company reported after Monday's close that it earned $20.5 million, or 56 cents a share, on sales of $397.3 million. Excluding items, the company earned $17.1 million, or 47 cents a share. Analysts expected earnings of 37 cents a share. During the year-earlier quarter, the company earned $5.5 million, or 16 cents a share, on sales of $382.6 million. Shares were recently trading up 88 cents to $28.72. Shares of School Specialty ( SCHS) fell 4% after the educational products company posted disappointing fourth-quarter results. The company posted a loss of $32.6 million, or $1.42 a share, on revenue of $180.9 million. Excluding items, the company reported a loss of 71 cents a share. Analysts expected a smaller loss of 43 cents a share on revenue of $189.2 million. During the year-earlier period, the company posted a loss of $8.4 million, or 37 cents a share, on revenue of $175.2 million. "We are very disappointed with our results for fiscal 2006," Dave Vander Zanden, the company's CEO, said. "We have focused our efforts on growing revenue and reducing our expenses for fiscal 2007 and are optimistic about our performance for the coming year."
Looking ahead, School Specialty sees fiscal 2007 earnings of $2 to $2.10 a share on revenue of $1.06 billion to $1.1 billion. Analysts project earnings of $2.10 a share on revenue of $1.08 billion. Shares were trading down $1.24 to $33.37. Callaway Golf ( ELY - Get Report) rose 4% after the golf equipment company boosted its stock repurchase plan by $50 million. Under the company's previous $50 million buyback plan, announced in November 2005, Callaway had purchased about $42.9 million in stock. In addition to the new buyback plan announced Tuesday, Callaway will now be able to buy up to $57.1 million in stock. Shares were trading up 53 cents to $13.55. Shares of Brady ( BRC - Get Report) fell 5% after the label and sign maker said it would sell 4 million shares of stock in a public offering, backed its 2006 financial guidance and issued in-line fiscal 2007 earnings guidance. The company said that in addition to the 4 million shares it will sell, underwriters are expected to receive an option to buy an additional 600,000 shares to cover over-allotments. Brady plans to use proceeds from the offering to repay debt and fund general corporate purposes. The company also backed its fiscal 2006 earnings guidance of $2.06 to $2.08 a share on sales of $985 million to $995 million. Analysts project earnings of $2.08 a share on sales of $989.2 million. For fiscal 2007, the company sees earnings of $2.28 to $2.38 a share on sales of $1.2 billion to $1.18 billion. Analysts project earnings of $2.33 a share on sales of $1.1 billion. Shares were trading down $1.87 to $36.90. NYSE volume leaders included Elan ( ELN), down 68 cents to $15.84; Lucent Technologies ( LU), down 4 cents to $2.49; Nortel Networks ( NT), down 2 cents to $2.27; Interpublic Group ( IPG), down 48 cents to $9.05; Time Warner ( TWX), up 15 cents to $17.65; Nokia ( NOK), down 67 cents to $20.54; and General Electric ( GE), up 18 cents to $34.40. Nasdaq volume leaders included Intel ( INTC), down 18 cents to $17.80; JDSU ( JDSU), down 3 cents to $2.88; Microsoft ( MSFT), down 12 cents to $22.38; Sirius Satellite Radio ( SIRI), down 5 cents to $4.21; Cisco Systems ( CSCO), up 16 cents to $20.04; Sun Microsystems ( SUNW), down 3 cents to $4.39; and Applied Materials ( AMAT), down 14 cents to $16.37.