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Stocks in Motion: Homestore

Shares of Homestore (HOMS) were among the Nasdaq's winners Friday, rising 39% after the online real estate company posted second-quarter results that were better than Wall Street expectations.

The company reported earnings of $3.3 million, or 2 cents a share, on sales of $63.3 million. Results included a legal expense of $4.2 million and a $1.4 million reduction of previous restructuring charges. Analysts polled by Thomson First Call were expecting a loss of 2 cents a share on sales of $58.6 million. A year ago, the company posted a loss of $4.3 million, or 3 cents a share, on sales of $54.3 million. Year-ago results included a $2.2 million litigation settlement expense. Shares were trading up 99 cents to $3.55.

Design Within Reach (DWRI) fell 22% after the company previewed second-quarter earnings that fell below expectations and lowered its 2005 earnings outlook. The design furnishings and accessories company reported preliminary earnings of $1.4 million, or 9 cents a share, on sales of $41.9 million. Analysts were expecting earnings of 10 cents a share on sales of $39 million. A year ago, the company earned $806,000, or 7 cents a share, on sales of $28.2 million. Looking ahead, Design Within Reach now expects 2005 earnings of 40 cents to 42 cents a share, which is well below its previous guidance of 51 cents a share. Guidance "reflects the company's decision to minimize the use of promotional activity to offset product and shipping margin pressures and additional Sarbanes-Oxley compliance expenses," the company said. As for the sales, the company remains comfortable with guidance of $160 million to $165 million. Analysts had been expecting earnings of 51 cents a share on sales of $167.5 million. Shares were trading down $3.78 to $13.41.

Shares of Provide Commerce (PRVD) rose 21% after the e-commerce marketplace operator previewed fourth-quarter results that topped expectations. The company expects earnings of $4.6 million to $5 million, or 33 cents to 36 cents a share, on sales of $66 million. On a pro forma basis, the company expects earnings of 36 cents to 39 cents a share. Analysts are expecting earnings of 33 cents a share on sales of $63.4 million. Provide will issue fourth-quarter results on Aug. 17. Shares were trading up $4.61 to $26.95.
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