Wednesday's Winners & Losers: Coldwater Creek

Updated from 11:41 a.m. EDT

Coldwater Creek(CWTR Quote) was among the Nasdaq's winners Wednesday, as shares jumped 16.6% after the clothing retailer posted better-than-expected first-quarter results.

For the period ended May 5, the company earned $12 million, or 13 cents a share, on revenue of $281.3 million. Analysts polled by Thomson Financial expected earnings of 8 cents a share on revenue of $264.5 million. "The net sales and earnings performance for the first quarter was a result of solid response to our spring merchandise in combination with effective cost-control measures," the company said. During the year-earlier quarter, the company earned $11.6 million, or 12 cents a share, on revenue of $215.3 million. Shares closed up $3.47 to $24.37.

Phillips-Van Heusen(PVH Quote) rose 7.6% after the clothing company posted first-quarter results that topped Wall Street's forecast. The company earned $53 million, or 92 cents a share, on revenue of $591.9 million. Analysts expected earnings of 86 cents a share on revenue of $580.3 million. During the year-earlier period, the company earned $48.7 million, or 87 cents a share, on revenue of $506.4 million. ...