Wednesday's Late Winners & Losers
Premier Exhibitions
(PRXI)
was among a number of stocks falling on disappointing financials and guidance after the closing bell Wednesday.
The Atlanta-based company, which is the salvor-in-possession of the Titanic wreck, among other things, reported fiscal second-quarter earnings of $5.5 million, or 17 cents a share, on $16.1 million in revenue. The numbers represents sizable jumps from last year, but two analysts polled by Thomson Financial were looking for 18 cents a share on $18.2 million in revenue. Shares lost 80 cents, or 5.3%, to $14.30.
Websense
(WBSN)
gave up 9.5% to $19.50, after trimming its third-quarter sales forecast to around $50.4 million. It had earlier offered a range of between $51 million and $51.5 million. Analysts are looking for $51.4 million. As previously projected, earnings are still pegged at 22 cents to 23 cents a share.
Apparel retailer
American Eagle Outfitters
(AEO) - Get Report
, meanwhile,
cut its third-quarter earnings outlook by at least 2 cents to between 44 cents and 45 cents a share, citing poor sales trends. The retailer partly blamed its less optimistic view on "unseasonably warm" weather that contributed to "lower store traffic." Wall Street is seeking 48 cents a share, excluding special items.
American Eagle's September same-store sales sank 2%, as that month's total revenue dropped 5% year over year to $222.8 million. Shares surrendered 1.6% to $24.20.
Men's Wearhouse
(MW)
, a Houston-based retailer of men's suits, also cited "continued softening in traffic trends" as among the factors behind its cut in third-quarter EPS guidance. The company now expects 66 cents to 70 cents a share, vs. the prior range of between 70 cents and 73 cents. Shares were off 4.7% to $46.20.
But fellow retailer
Zumiez
(ZUMZ) - Get Report
, of Everett, Wash., flew 6.2% higher after posting a 13.9% jump in September same-store sales, along with an 11.8% climb in total revenue to $32.1 million. Shares of the company, a purveyor of sports-related apparel and other products, were gaining $2.96 to $50.36.
Out of the retail sector, semiconductor-equipment maker
Lam Research
(LRCX) - Get Report
said revenue gained 13.3% year-over-year to $684.6 million in the quarter ended Sept. 23. That
tops consensus by $8.9 million. The Fremont, Calif., company only issued "selected" results due to a previously announced internal accounting probe involving stock option grants. Shares were recently climbing 48 cents, or 0.9%, to $55.49.