Stocks in Motion: PetsMart

Shares of Coldwater Creek (CWTR Quote) were among the Nasdaq's winners Thursday, rising 15% after the clothing retailer posted second-quarter results that easily topped Wall Street forecasts.

The company earned $7 million, or 11 cents a share, on sales of $154.6 million. Analysts polled by Thomson First Call were expecting earnings of 8 cents a share on sales of $139.3 million. A year ago the company earned $3.3 million, or 6 cents a share, on sales of $111.2 million.

Regarding the most recent quarter, the company said "strong sales at full-price, the continued success of our national retail store expansion and growth in the Internet channel have resulted in the most profitable second quarter in the company's history." Shares were recently trading up $3.96 to $30.11.

PetsMart (PETM Quote) fell 9% after the pet food and supplies company posted mixed second-quarter results and said third-quarter earnings would fall short of expectations. The company earned $35.7 million, or 24 cents a share, on sales of $899.1 million during the second quarter. Analysts were expecting earnings of 22 cents a share on sales of $905.2 million. A year ago the company earned $29.1 million, or 19 cents a share, on sales of $806 million.

Looking ahead, PetsMart forecast third-quarter earnings of about 21 cents a share. Analysts had been expecting earnings of 26 cents a share. The company said it expects same-store sales growth of 2% to 3% during the third quarter. Shares were trading down $2.54 to $25.97.

Shares of Fred's(FRED Quote) fell 1% after the company posted in-line second-quarter earnings and said that third-quarter earnings would be hurt by cuts in Tennessee's Medicaid program. The discount retailer posted earnings of $3.5 million, or 9 cents a share, on sales of $373.3 million. Analysts were expecting earnings of 9 cents a share on sales of $374.8 million. A year ago the company earned $2.9 million, or 7 cents a share, on sales of $340.9 million.

Looking ahead, Fred's forecast third-quarter earnings of 19 cents to 22 cents a share. Analysts had been expecting earnings of 24 cents a share. Fred's blamed the shortfall on the impact of TennCare (Tennessee's Medicaid program) cuts, economic factors affecting general merchandise sales from back-to-school, and higher utility and fuel costs. Shares were trading down 15 cents to $14.02.