TheStreet.com: Stocks to Watch: Stocks to Watch: Williams-Sonoma Jumps, Superior Industries Slides

Stocks to Watch: Williams-Sonoma Jumps, Superior Industries Slides

TSC Staff
5/23/2002 12:18 PM EDT

Winners

Conceptus (CPTS:Nasdaq) , the developer of a permanent birth control procedure called Essure, said the Food and Drug Administration has granted an expedited review for the premarket approval application covering the product. Conceptus was better by 15% to $18.31 after it said an FDA panel will review the application in July.

Foot Locker (Z:NYSE) matched analysts' expectations for the first quarter, earning 26 cents a share, and the athletic apparel retailer's stock climbed 7% to $14.41. The company, formerly Venator and before that Woolworth, said earnings for the full year would be basically in line with estimates.

Business and supply chain software maker J.D. Edwards (JDEC:Nasdaq) was up 19% to $12.46 a day after the company posted a second-quarter profit and beat estimates on a pro forma basis.

Men's Wearhouse (MW:NYSE) posted first-quarter earnings of 25 cents a share, 9 cents ahead of estimates, helping lift the stock 8% to $26.98. The men's clothing retailer also raised its expectations for the full year.

Williams-Sonoma (WSM:NYSE) was climbing 11% to $32.28 after the home goods and kitchenware seller beat first-quarter earnings estimates and raised its guidance for the second quarter and full year.

Losers

Advanced Marketing Services (MKT:NYSE) , a provider of services to book retailers and publishers, posted fourth-quarter earnings that matched expectations if a charge wasn't included in the results. The company earned 15 cents in the quarter, after a charge of 2 cents. Analysts were looking for a profit of 17 cents. But the company's shares were falling 13% to $20.30 after it forecast fiscal 2003 earnings of $1.24 to $1.30 a share. Analysts are looking for $1.39, according to First Call.

Sports Authority (TSA:NYSE) beat analysts' estimates for the first quarter and raised its guidance for the year, but the stock was losing 8% to $12.20. The sporting goods retailer earned 5 cents in the latest quarter, compared with estimates of 2 cents. Sports Authority also said it expects full-year earnings of 68 cents, a penny ahead of the consensus estimate.

Auto parts maker Superior Industries (SUP:NYSE) was dropping 12% to $44.04 after Prudential Securities lowered its rating on the stock to sell from hold. The firm also slashed its 2003 and 2004 earnings estimates on Superior.