Fleetwood Enterprises, Inc. (FLE: chart) of Riverside, California, said before Monday’s opening bell that its fiscal 2004 second-quarter net earnings slipped to $3.8 million, or 10 cents per diluted share, from $4.6 million, or 13 cents per diluted share, in the year-ago period, when results included a gain of $2.6 million from the sale of real estate. Analysts had expected Fleetwood to report second-quarter earnings of 14 cents a share on average. The U.S. No.1 maker of recreational vehicles said sales climbed 5.2% to $674.7 million, in the second quarter ended October 26, from $641.1 million in last year's corresponding period. The company said its RV Group reported an operating profit of $16.5 million for the second quarter, on sales of $450.0 million, in contrast to an operating profit of $17.0 million, on sales of $395.8 million, generated a year ago.

The stock closed Monday at $10.26, down 34 cents, or 3.21%.

Cable Design Technologies Corporation (CDT: chart), the Schaumburg, Illinois-based manufacturer of high bandwidth network connectivity products, said Monday it returned to profit in its first quarter of 2004 ended October 31. The company posted income of $2.7 million, or 7 cents per share, compared with a net loss of $71.9 million, or $1.61 per share, in the same quarter a year earlier. Last year’s results were weighed down by a charge for accounting change and restructuring-related expenses. In the first quarter this year, revenues rose to $130.6 million from $121.0 million, last year.

CDT shares dropped 6 cents to $10.24 at market close Monday.

CMGI, Inc. (CMGI: chart) of Charlestown, Massachusetts, posted after market close Monday first-quarter earnings of $29.9 million, or 7 cents a share, reversing from a prior-year loss of $93.6 million, or 24 cents a share. The company, which provides technology and e-commerce solutions that help businesses market their products and services, said results were due to gains from the sale of shares of Overture Services common stock and lower expenses. CMGI said revenue eased to $94.9 million from $113.2 million, a year ago.

CMGI shares rose 0.87% on Monday to $2.08. The stock added 2 cents to $2.10 in after-market trade.

Comtech Telecommunications Corp. (CMTL: chart) reported after the bell Monday a six-fold rise in its quarterly net profit, boosted by strong demand for its products. The provider of telecommunications transmission equipment said it earned $5.7 million, or 37 cents a share, in the first quarter ended October 31, up from $800,000, or 7 cents a share, a year earlier, and ahead of analysts’ expectations for profit of 32 cents a share. Melville, New York-based Comtech saw its first-quarter sales surge 80% to $56.3 million from $31.3 million last year.

Comtech’s stock plummeted 16.37% to close Monday at $27.17. Company shares recovered 9.68% to $29.80 in after-hours trading.

Hovnanian Enterprises, Inc. (HOV: chart) of Red Bank, New Jersey, said Monday its fiscal fourth-quarter net profit soared 68% to $91.2 million, or $2.79 per share, from $54.4 million, or $1.66 per share, in the 2002 equivalent. The home builder outpaced the average analysts’ estimate for earnings of $2.64 a share. Fourth-quarter total revenue jumped to $1.05 billion from $831.4 million. The company attributed the results to strong demand for homes.

Company shares closed Monday up $1.45, or 1.52%, at $96.61. The stock shed 17 cents to $96.44 in after-market trade.

Bolstered by robust sales, REMEC, Inc. (REMC: chart) announced Monday a smaller third-quarter loss of $4.08 million, or 7 cents a share, in contrast to a loss of $12 million, or 26 cents a share, in the 2003 comparable quarter. The Del Mar, California-based maker of high frequency transmission equipment said sales jumped 75% in the third quarter to $104.1 million from $59.4 million, a year ago.

The stock inched up 3 cents to $11.06 on Monday. Company shares slid 4.16% to $10.60 in after-hours trading.

Delphi Corporation (DPH: chart) said Monday it expects 2004 profit, before charges, of $400 million to $500 million, or 71 cents to 89 cents per share. Analysts forecast a profit of 86 cents a share on average. Including charges, the Troy, Michigan-based world’s largest maker of auto parts sees 2004 net earnings in the range of $280 to $380 million.

Delphi shares dropped a penny to $9.10 at market close Monday.

Avon Products, Inc. (AVP: chart) projected Monday fourth-quarter earnings of $1.03 to $1.04 per share. The forecast includes 5 cents per share from a tax settlement. Excluding that, the New York-based cosmetics maker sees profit 1 cent to 2 cents a share below the average analysts’ estimate of $1.00, citing weaker-than-expected U.S. sales.

The stock plunged 7.93% to close Monday at $62.67. Company shares gained $2.37 to $65.04 in after-market trade.

Chipmaker Texas Instruments, Inc. (TXN: chart) raised Monday its quarterly earnings target, helped by strong demand for chips. The Dallas, Texas-based company now expects to report a fourth-quarter profit of 18 cents to 20 cents a share, excluding a gain from the sale of shares of Micron Technology Inc. The company had previously forecast a profit of 14 cents to 19 cents a share.

TI shares slipped 0.42% on Monday to $28.24. The stock edged up 46 cents to $28.70 in after-hours trading.

The Stanley Works (SWK: chart) of New Britain, Connecticut, increased Monday its fourth-quarter profit forecast to between 68 cents and 71 cents a share, compared to an earlier projection of 61 cents to 64 cents a share. The toolmaker cited strong demand from mass merchants and improving industrial sales as main factors for the upward earnings revision.

The stock was up 84 cents on Monday to $34.26. Company shares fell 0.85% to 33.97 in after-market trade.