Allegheny Energy, Inc. (AYE: chart) announced before market open Monday that it swung to a quarterly profit from a prior-year loss, boosted by a one-time gain from the release from the sale of a California energy supply contract and related hedges. The Hagerstown, Maryland-based power company turned in net income of $33.3 million, or 25 cents a share, for the first quarter of fiscal 2004, a reversal from a net loss of $58.8 million, or 46 cents a share, in the year-earlier quarter. Analysts had called for a profit of 8 cents a share, on average. Excluding extraordinary items, Allegheny said it lost $300,000, or less than a penny a share, in the quarter ended March 31, in contrast to a loss before items of $41.0 million, or 32 cents a share, for the same period in fiscal 2003. Quarterly operating revenue rose to $889.7 million, a 24% increase from $715.7 million, last year. Allegheny last reported a profit in the fourth quarter of 2001.

Allegheny shares soared 5.26% on Monday to $14.00. The stock added 17 cents to $14.17 in after-hours trading.

Cablevision Systems Corporation (CVC: chart) said Monday that it narrowed its quarterly loss, helped by subscriber growth. The Bethpage, New York-based cable operator announced a first-quarter loss of $120 million, or 42 cents a share, compared with a loss of $151.3 million, or 54 cents a share, in the 2003 equivalent. Loss from continuing operations came to 39 cents a share, missing by 2 cents a share the mean estimate of analysts. Cablevision recorded revenue of $1.19 billion in the first quarter, up 19% from $1 billion a year ago.

The stock dipped 3.10% to $20.95 at market close Monday.

Charter Communications, Inc. (CHTR: chart) of St. Louis, Missouri, posted Monday a first-quarter net loss of $294 million, or $1.00 a share, which included $124 million in losses that had previously been allocated to its interest in a subsidiary. For the corresponding quarter in 2003, the U.S. No.3 cable TV operator had a loss of $182 million, or 62 cents a share. Quarterly revenue climbed 3% to $1.21 billion.

Charter shares plunged 6.48% to close Monday at $3.61.

Symbol Technologies, Inc. (SBL: chart) reported after the bell Monday net income of $6.8 million, or 3 cents a share, for its fiscal first quarter, rebounding from a year-earlier loss of $31.0 million, or 13 cents a share. Excluding items, the Holtsville, New York-based maker of portable data terminals and bar code scanners posted a profit of 8 cents a share, meeting analysts’ projections. Symbol attributed the results to higher revenue, which improved 9% to $419.7 million, and lower expenses.

The stock gained 8 cents on Monday to $12.25. Symbol shares added a penny to $12.26 in after-market trade.

Pacific Sunwear of California, Inc. (PSUN: chart) announced after market close Monday an 88% jump in its quarterly profits, driven by rising sales. The Anaheim, California-based teen clothing retailer rolled out a profit of $15 million, or 19 cents per share, for its fiscal first quarter, compared with $8 million, or 10 cents per share, generated in the year-ago period. Results were 2 cents a share ahead of analysts’ expectations. The company recorded revenue of $245.1 million in the quarter, up from $198.3 million a year earlier. Pacific Sunwear said new store openings also helped boost the results.

Company shares closed Monday down 4 cents, or 0.19%, at $20.49. The stock rose 3.32% to $21.17 in after-hours trading.

Fossil, Inc. (FOSL: chart) of Richardson, Texas, said Monday that it had earnings of $16.3 million, or 22 cents a share, in its first quarter, up 35% from earnings of $12.1 million, or 17 cents a share, in the comparable quarter of 2003. The watchmaker beat by 2 cents a share the consensus estimate of analysts. Fossil said that first-quarter earnings were driven by a 17% rise in sales.

The stock dived 6.33% to $22.65 at market close Monday.

Armor Holdings, Inc. (AH: chart) posted Monday quarterly earnings that more than doubled from last year, due to an acquisition and higher sales of its military vehicle armor. The Jacksonville, Florida-based provider of security systems announced first-quarter net income of $12.5 million or 42 cents per share, against net income of $5.1 million, or 17 cents per share, last year. The average analysts’ forecast was for a profit of 38 cents per share.

Company shares slipped 2.57% on Monday to $32.96.

Bayer Group (BAY: chart) reported Monday that its first-quarter profits tumbled 32% to €400 million ($472 million) from a profit of €586 million, in the same period of fiscal 2003, when results were fuelled by one-time gains. The Leverkusen, Germany-based drug and chemical company posted sales of €7.362 billion ($8.687 billion) for the first quarter, compared to €7.356 billion a year earlier.

The stock dipped 2.67% to close Monday at $25.15.

Linktone Ltd. (LTON: chart) announced Monday a huge rise in its quarterly earnings, as the provider of wireless content and applications expanded its customer base. The Shanghai, China-based company said it earned $2.84 million, or 12 cents per share, in the first quarter of 2004, compared with a net profit of $104,653, or 1 cent per share, a year earlier. Revenue surged to $9.39 million in the quarter, from $1.74 million a year ago.

Company shares closed Monday unchanged at $8.00. The stock was catapulted up 37.50% to $11.00 in after-hours trading.

Commercial Metals Company (CMC: chart) of Irving, Texas, lifted Monday its quarterly profit target, on strong demand and higher prices. The maker of steel and metal products said it now expects to earn between $1.50 and $1.70 per share in its fiscal third quarter, compared with an earlier guidance of 55 cents per share to 75 cents per share.

The stock gained 42 cents to close Monday at $25.82.