Early Stocks in Motion

Abercrombie & Fitch falls on a downgrade.
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Abercrombie & Fitch

(ANF) - Get Report

said it earned $40.4 million, or 45 cents a share, for the first quarter ended April 30, up from $29.3 million, or 30 cents a share, a year ago. Revenue for the quarter was $546.8 million. Analysts expected profits of 42 cents on revenue of $535.5 million, according to Thomson First Call. The stock was downgraded Wednesday at Bank of America and was recently off $1.99, or 3.4%, to $57.

Applied Materials

(AMAT) - Get Report

said it earned $305 million, or 18 cents a share, for the second quarter ended May 1, compared with $373 million, or 22 cents a share, a year ago. Revenue for the quarter was $1.86 billion. Analysts expected earnings of 17 cents a share on revenue of $1.8 billion, according to Thomson First Call. In a post-earnings conference call, the company put earnings in the current quarter at 12 cents to 14 cents a share, below the 17-cent Wall Street estimate. The stock was recently off 43 cents, or 2.7%, to $15.61.

Nordstrom

(JWN) - Get Report

said it earned $104.5 million, or 75 cents a share, for the first quarter ended April 30, vs. $68.7 million, or 48 cents a share, a year ago. Revenue for the quarter was $1.65 billion. Analysts expected profits of 70 cents a share on revenue of $1.62 billion, according to Thomson First Call. For 2005, the company expects to earn $3.40 to $3.50 a share, up from its previous forecast of $3.25 to $3.35 a share, and above Wall Street's estimate of $3.38 a share. The company also raised its dividend 31% to 17 cents. The stock was up $1.68, or 2.93%, to $59 in after-hours trading.

Wilsons

(WLSN)

posted a first-quarter loss of $3.8 million, or 10 cents a share, compared with a loss of $26.8 million, or $1.30 a share, a year ago. Revenue for the quarter was $84.3 million. The company said that sales for the prior year-to-date period included $20.8 million in liquidation sales from the transfer of inventory to an independent distributor. Same-store sales increased 15.8%, vs. a decrease of 2% a year ago. The stock was unchanged at $5.27.

Anworth Mortgage Asset

(ANH) - Get Report

registered $100 million of common stock with the

Securities and Exchange Commission

to cover the possible spinoff of its Belvedere Trust unit in an IPO. The company also said its board authorized the repurchase of up to 2 million shares or about 4% of its total of shares outstanding. The stock was unchanged at $9.38.