Thursday's Winners & Losers: Conn's

05/31/07 - 04:26 PM EDT

Mark Martinez

Updated from 11:52 a.m. EDT

Conn's(CONN Quote) was among the Nasdaq's winners Thursday, as shares rose 4.1% after the retailer posted better-than-expected first-quarter results.

The company earned $12.9 million, or 54 cents a share, on revenue of $205.3 million. Analysts polled by Thomson Financial expected earnings of 48 cents a share on revenue of $204.9 million. During the year-earlier period, the company earned $11.9 million, or 49 cents a share, on revenue of $192.2 million.

For the full year, Conn's continues to see earnings of $1.75 to $1.85 a share. Analysts project earnings of $1.84 a share. Shares closed up $1.19 to $30.35.

Payless ShoeSource(PSS Quote) rose 3.1% after the shoe retailer posted first-quarter results that topped Wall Street's forecast. The company earned $38.9 million, or 59 cents a share, on revenue of $728.6 million. Results included one-time costs of 6 cents a share. Analysts expected earnings of 58 cents a share on revenue of $723.6 million. During the year-earlier quarter, the company earned $36 million, or 53 cents a share, on revenue of $694.5 million. Shares were up $1.08 to $35.79.

Though the company posted better-than-expected first-quarter earnings and boosted its full-year profit guidance, shares of Big Lots(BIG Quote) fell 11.5%. The company earned $28.8 million, or 26 cents a share, on revenue of $1.13 billion. Analysts expected earnings of 20 cents on revenue of $1.13 billion. During the year-earlier quarter, the company earned $14.5 million, or 13 cents a share, on revenue of $1.09 billion.

Looking ahead, Big Lots now sees full-year earnings of $1.25 to $1.30 a share, up from an earlier forecast of $1.18 to $1.23 a share. Analysts project earnings of $1.22 a share. Shares closed down $4.10 to $31.50.

Chico's FAS(CHS Quote) rose 6.3% after the retailer posted first-quarter earnings that beat expectations. The company posted earnings from continuing operations of $49.1 million, or 28 cents a share, on revenue of $453.1 million. Analysts expected earnings of 26 cents a share on revenue of $457 million. During the year-earlier quarter, the company earned $52.5 million, or 29 cents a share, on revenue of $390.7 million. Shares closed up $1.62 to $27.24.

Shares of Movado Group(MOV Quote) fell 2% after the watch maker posted first-quarter results that beat expectations but reiterated full-year guidance that is below expectations. The company earned $2.4 million, or 9 cents a share, on revenue of $101.4 million. Analysts expected a loss of a penny a share on revenue of $98.4 million. During the year-earlier period, the company earned $2.9 million, or 11 cents a share, on revenue of $97.7 million.

Movado continues to see full-year earnings of about $1.72 a share on revenue of $550 million to $560 million. Analysts project earnings of $1.75 a share on revenue of $569.8 million. Shares closed down 67 cents to $33.33.

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