Sykes Enterprises ( SYKE) surged 22% on solid first-quarter guidance. The Tampa, Fla., customer-service outsourcer pegged profits at between 23 cents and 25 cents a share, at least a nickel above Thomson Financial's estimates; sales should be between $163 million and $168 million, or at least $9.5 million above the consensus. Shares were rising $3.58 to $19.40.

Topps ( TOPP), maker of baseball cards and candy, will sell itself to Michael Eisner's Tornante and Madison Dearborn Partners for $9.75 a share, or $385.4 million. The deal should close in the third quarter. The New York-based company was up 89 cents, or 10%, to $9.80.

K&F Industries ( KFI) said Britain-based Meggitt will buy it for $27 a share -- a 10% premium to Monday's closing price. This deal is worth around $1.1 billion, plus $700 million in debt assumption. The companies, which both make systems for vehicles and aircraft, said the transaction will likely close in the second quarter. White Plains, N.Y.-based K&F was adding $2.36, or 9.6%, to $26.86.

NaviSite ( NAVI) said its fiscal second-quarter earnings before interest, taxes, depreciation and amortization shot up 79% from last year to $5.2 million, while per-share losses narrowed by a penny to 13 cents, or $3.8 million. This is 2 cents short of consensus, but revenue was up 15% from last year to $30.2 million, beating targets. The Andover, Mass., information-technology firm also issued in-line third-quarter and full-year sales guidance. Shares were gaining 49 cents, or 7.9%, to $6.69.

If you liked this article you might like

Lackluster Finish for U.S. Stocks

Lackluster Finish for U.S. Stocks

Stocks Continue to Waver at the Flat Line

Stocks Continue to Waver at the Flat Line

Oil Slides as Stocks Post a Mixed Showing

Oil Slides as Stocks Post a Mixed Showing

Stocks Flutter Near the Flat Line

Stocks Flutter Near the Flat Line

Wall Street Falls Amid Inflation Talk

Wall Street Falls Amid Inflation Talk