CarMax Inc. (KMX: chart) said 1Q ended May 31 profit grew 13% to $39.8 million, or 37 cents per share, with sales increasing 19% to $1.58 billion. Comparable sales climbed 6%. Excluding a 3 cents a share valuation adjustment, the earnings per share fell short of analyts' forecasts of a 36 cents per share. For 2Q ending Aug. 31, the company expects earnings in a range of 29 cents to 34 cents on comparable sales increase of 3% to 9%. Brokers had expected 2Q earnings per share of 34 cents.

Ipsco (IPS: chart), steel supplier and pipe maker, cut its 2Q forecast Friday on growing pricing pressure. The company now sees earnings to come in at $2.45 a share, below its earlier estimate for a profit that would be flat or exceed $2.75 a share. The analysts' estimate is for a profit of $2.84 a share in the June period.

Danaher Corp. (DHR: chart), industrial technology and tool maker, Monday backed 2Q and full-year earnings per share guidance at 62 to 67 cents and $2.67 to $2.77. Analysts are expecting 2Q earnings of 67 cents a share and full-year earnings of $2.74 a share.

B/E Aerospace Inc. (BEAV: chart), provider of aircraft-cabin-interior products and aftermarket distributor of aerospace fasteners, lifted its earnings target for 2006 to $1 - $1.10 a share. The company also backed its forecast of 50 cents a share for 2005. The analysts' forecasts are $1.01 for 2006 and 51 cents for 2005.

Steelcase Inc. (SCS: chart), a work environment company, posted 1Q earnings of $6.7 million, or 5 cents a share, compared with a loss of 4 cents a share in the same quarter a year earlier. The results include $6.8 million in restructuring-related charges. Revenue grew 13% to $676 million vs. last year's $597.7 million, beating analyst estimate of $674.1 million. For 2Q, the company sees earnings of 8 to 13 cents a share, including $3 million to $7 million in restructuring charges, and sees revenue increase in the 10 - 15% range.

Culp, Inc. (CFI: chart) swung to a 4Q net loss of $7.7 million, or 67 cents a share, on sales of $74.2 million. In the same quarter a year earlier, the company reported a profit of $3.7 million, or 32 cents a share, on sales of $85.1 million. Excluding exceptional items, the company posted a net loss of 12 cents a share. Analysts had expected a loss of 16 cents a share. Culp expects a 1Q loss in the range of 30 cents to 36 cents a share on charges of 28 cents a share.