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Stocks in Motion: Monarch

Updated from 11:48 a.m. EST

Shares of Monarch Casino and Resort (MCRI - Get Report) were among the Nasdaq's winners Monday, rising 12.6% after the company said fourth-quarter earnings and sales would top expectations.

The casino operator expects earnings of 36 cents a share on sales of $31 million. An analyst polled by Thomson First Call had been expecting 27 cents on sales of $29.5 million. A year ago the company earned 19 cents a share on sales of $28.3 million. The stronger results were fueled by improvements in casino, hotel and food and beverage operations. Shares traded up $4.08 to $36.55.

Electronics Boutique (ELBO) fell 3.5% after the company said fourth-quarter earnings would fall below expectations. The video game retailer said earnings would fall to the low end of its previous estimate of $1.62 to $1.72 a share. Analysts had been expecting earnings of $1.69 a share. The company said an industrywide hardware shortage was "more significant" than it had originally anticipated, which affected its top line as well as margins. Shares traded down $1.36 to $37.47.

Shares of St. Joe (JOE - Get Report) rose 4.8% after the real estate company said its 2005 earnings would be better than expected. Excluding gains from conservation land sales, the company expects to earn between $1.35 and $1.50 a share. Analysts had been expecting earnings of $1.29 a share. "We expect good earnings from all major segments of the company," St. Joe said. Shares traded up $2.92 to $64.40.

Deckers Outdoor (DECK) fell 6.6% Monday, despite the company's prediction that fourth-quarter earnings and sales would exceed previous guidance. Deckers now expects fourth-quarter earnings to exceed its previous range of 47 cents to 51 cents a share on sales of $55 million to $60 million. Analysts had been expecting earnings of 51 cents a share on sales of $61.9 million. Strong demand for its UGG product line, improved deliveries from its factories and strong retail sell-through led to the improved outlook. Shares traded down $2.80 to $39.56.
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