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TheStreet Open House

Today's Winners and Losers: Charming Shoppes

Shares of Brady (BRC) were among the NYSE's winners Wednesday, jumping 11% after the label and sign maker posted better-than-expected third-quarter results and lifted its fiscal 2006 guidance.

For the quarter ended April 30, the company earned $30.2 million, or 61 cents a share, on revenue of $266.5 million. Analysts polled by Thomson First Call expected earnings of 54 cents a share and revenue of $257.7 million. During the year-earlier quarter, Brady earned $25 million, or 50 cents a share, on revenue of $209.8 million. "We are particularly pleased to see healthy organic growth in all regions," the company said. "Both the Americas and Europe had solid core growth of 6% in the third quarter, while the Asia/Pacific region continues to experience more rapid growth with core business up 49% in the third quarter."

Looking ahead, Brady now sees fiscal 2006 earnings of $103 million to $104 million, or $2.06 to $2.08 a share, up from earlier guidance of $100 million to $103 million, or $2 to $2.06 a share. The company raised its revenue projection to $985 million to $995 million from an earlier view of $980 million to $990 million. Analysts forecast earnings of $2.05 a share and revenue of $982.1 million. Shares were trading up $4.09 to $41.99.

Charming Shoppes (CHRS) slumped 11% after the clothing retailer posted mixed first-quarter results and warned that second-quarter earnings would be below Wall Street's expectation. The company earned $32.1 million, or 24 cents a share, up from $30 million, or 23 cents a share, a year earlier. Revenue increased to $734.9 million from $603.4 million, as same-store retail sales rose 1%. The earnings per share matched analysts' mean estimate, but revenue was shy of analysts' expectation of $738.9 million.

Charming Shoppes forecast second-quarter earnings of 24 cents to 25 cents a share, below analysts' estimate of 28 cents. The company targets revenue of $760 million to $765 million, bracketing analysts' average forecast of $763.4 million. Shares were down $1.47 to $11.88.

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