This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

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.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs