Updated from 11:57 a.m. EDT

Shares of

Copart

(CPRT) - Get Report

were among the

Nasdaq's

winners Wednesday, rising 16.9% after the company posted first-quarter results that topped expectations.

The salvage company earned $22.7 million, or 24 cents a share, on sales of $104.1 million. Analysts surveyed by Thomson First Call were expecting earnings of 21 cents a share on sales of $102.2 million. A year ago, Copart earned $15.2 million, or 17 cents a share, on sales of $91.5 million. Shares traded up $3.65 to $25.25.

Cigna

(CI) - Get Report

rose 8.3% after the insurer raised its operating income forecast for 2004 and 2005. Excluding items, the company now expects income of $950 million to $975 million during 2004, up from previous guidance of $925 million to $950 million. For 2005, Cigna now expects $750 million to $825 million, up from previous guidance of $745 million to $810 million. Cigna said the revised guidance reflects the anticipated performance of its health care business, where it continues to improve its medical management costs. Shares traded up $5.78 to $75.80.

Shares of

Chico's FAS

(CHS) - Get Report

rose 13.1% after the retailer turned in solid third-quarter earnings results. The women's clothier earned $37.1 million, or 41 cents a share, on sales of $269.8 million. Analysts were expecting earnings of 38 cents a share on sales of $271.1 million. A year ago, Chico's earned $26.8 million, or 30 cents a share, on sales of $210.6 million. Chico's said that strength in its Chico's and White House/Black Market lines contributed to the better-than-anticipated results. Shares traded up $5.06 to $43.66.

Hollywood Entertainment

( HLYW) rose 1.9% after

Blockbuster

( BBI) said it is willing to raise its $11.50-a-share offer for Hollywood. Blockbuster said it couldn't raise the bid, though, until Hollywood lets it look at its books. Blockbuster is urging the company to drop a standstill agreement related to Hollywood's March agreement to be acquired by buyout firm Leonard Green & Partners. Shares of Hollywood traded up 24 cents to $12.93.

Shares of

FirstEnergy

(FE) - Get Report

fell 6.5% after the company warned that 2005 earnings results would fall below expectations. The electric utility company forecast earnings of $2.70 to $2.85 a share. Analysts had been expecting earnings of $2.98 a share. The company said it expects growth, increased margins, and a return to normal weather in 2005, but also expects increased costs associated with three planned outages of its nuclear unit and increased Ohio transition cost amortization. Shares traded down $2.75 to $39.48.

NYSE

volume leaders included

Lucent

( LU), up 6 cents to $3.99;

Calpine

(CPN)

, down 15 cents to $3.73;

Nortel Networks

( NT), up 14 cents to $3.61;

Pfizer

(PFE) - Get Report

, up 46 cents to $28.23;

EMC

(EMC)

, up 60 cents to $14.02;

General Electric

(GE) - Get Report

, up 66 cents to $36.02;

Wal-Mart

(WMT) - Get Report

, up 76 cents to $52.82.

Nasdaq volume leaders included

Sirius Satellite Radio

(SIRI) - Get Report

, up 35 cents to $6.98;

Microsoft

(MSFT) - Get Report

, up 44 cents to $27.25;

Intel

(INTC) - Get Report

, up 72 cents to $23.10;

Cisco

(CSCO) - Get Report

, up 40 cents to $19.15;

Applied Materials

(AMAT) - Get Report

, up $1.08 to $17.72; and

Sun Microsystems

(SUNW) - Get Report

, down 9 cents to $5.46.