Today's Small-Cap Winners and Losers

Gymboree (GYMB Quote) gained after the San Francisco-based apparel retailer reported better-than-anticipated sales for March. The company said sales for the five-week period ended April 1 reached $78 million, up 10% from a year ago. Same-store sales increased 5%.

The company said it now expects a high-single digit increase in comparable-store sales for the first quarter, and it's looking for first-quarter earnings of 35 cents to 38 cents a share before the impact of stock-based compensation. Analysts polled by Thomson First Call were expecting earnings of 27 cents a share.

For the full year, Gymboree is projecting earnings of $1.24 to $1.28 a share. Analysts are looking for $1.16. Gymboree's shares rose $1.68, or 6.4%, to $27.90.

Citi Trends (CTRN Quote) surged after the Savannah, Ga., clothing seller said net sales for the five-week period ended April 1 totaled $32.7 million, up 32.7% from a year ago. Same-store sales increased 12.8%, compared with a 14.4% surge a year ago.

Relocated and expanded stores are included in the same-store sales results. Shares gained $5.74, or 14.4%, to $45.68.

ICT Group (ICTG Quote) stumbled after the Newtown, Pa., business-services software maker priced a public offering of 3.2 million shares at $24 each. The company said it sold 2.1 million shares for $46.1 million, and 1.1 million shares were sold by stockholders.

The company plans to use the net proceeds from the offering to reduce debt and for working capital and other general corporate purposes. Underwriters were granted a 30-day option to purchase an additional 472,500 shares to cover overallotments. Shares of ICT slid $1.66, or 6.3%, to $24.75.

Spectrum Brands (SPC Quote) plummeted after the Atlanta-based consumer products company said second-quarter results will be "substantially below" its previous guidance. The company cited lagging sales in its consumer battery business in North America and Europe.