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Fleming Cos. Rose 13% Last Week

Fleming Cos. Rose 13% Last Week

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Fleming Cos.

(FLM)

rose 13% last week after the food distribution company said its first-quarter earnings rose to $24.6 million, or 52 cents a share, from $15.5 million, or 37 cents a share, a year earlier. Excluding its exposure to bankrupt retailer

Kmart

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, Fleming earned 57 cents a share, topping analysts' forecasts by 5 cents. The company also said it would incur a $25 million charge in the second quarter related to expected acquisitions.