Stocks in Motion: DreamWorks - TheStreet

Updated from 10:59 a.m. EST

Shares of



were among the


losers Friday, falling 11.2% after the company lowered its first-quarter earnings outlook.

The consumer-electronics retailer now expects earnings of 30 cents to 34 cents a share, down from previous guidance of 39 cents to 41 cents a share. Analysts polled by Thomson First Call had been expecting earnings of 40 cents a share on sales of $1.16 billion. The Fort Worth, Texas, company said "business trends have underperformed our expectations. This has been driven by a recent deceleration in wireless sales in our core stores and, to a smaller extent, underperformance in our battery business." RadioShack will post first-quarter earnings on April 19. Shares traded down $3.11 to $24.60.


(TIF) - Get Report

rose 4.2% after the luxury retailer announced a $400 million stock repurchase plan. At its current price, the $400 million buyback would represent about 9% of the company's outstanding shares. Any purchases made under the new program, which expires on March 30, 2007, in excess of $159 million will be subject to lender approval under the company's primary credit facility, Tiffany said. Shares traded up $1.34 to $33.16.

Shares of

DreamWorks Animation


rose 3.5% after the company posted fourth-quarter earnings that beat expectations. Excluding items, the company, which went public in October, earned $168.1 million, or $1.61 a share, on sales of $495.7 million. Analysts expected earnings of $1.56 a share. A year ago, the company posted a loss of $36.6 million, or 48 cents a share, on sales of $134.6 million. Fourth-quarter results were helped by the success of the company's

Shark Tale

theatrical release and

Shrek 2

home-video release. Shares traded up $1.35 to $39.70.

Global Sources


fell 20.1% after the business-to-business media company said it plans to sell $40.5 million worth of stock at $13.50 apiece. The price represents a significant discount to Thursday's closing price of $16.78. The shares were sold as part of an effective shelf registration statement. Before Friday's steep drop, shares of the company had risen by almost 43% during March. Shares traded down $3.37 to $13.41.

Shares of

Movie Gallery


rose 10% after the company posted in-line fourth-quarter earnings on sales that were slightly below expectations and said that first-quarter sales would be above expectations. Excluding items, the video-rental company posted earnings of 50 cents a share on sales of $208.4 million. Analysts expected earnings of 50 cents a share on sales of $209.8 million. Looking ahead, Movie Gallery forecast first-quarter earnings of 56 cents to 60 cents a share on sales of $228 million to $233 million. Analysts are expecting earnings of 57 cents a share on sales of $218.4 million. Shares traded up $2.31 to $25.45.

Diana Shipping

(DSX) - Get Report

rose 1.8% on the company's first day of trading as a public company. The shipping company sold 12.4 million shares at $17 apiece, raising about $210 million. The pricing came in at the high end of its expected range of $15 to $17 a share. Bear Stearns led the underwriting syndicate. Shares traded up 30 cents to $17.30.

NYSE volume leaders included


(WMT) - Get Report

, down 88 cents to $51.45;

General Electric

(GE) - Get Report

, up 51 cents to $35.88;



, up 6 cents to $2.87;


(C) - Get Report

, down 39 cents to $46.85;

American International Group

(AIG) - Get Report

, down $1.04 to $59.76;


(XOM) - Get Report

, up $1.16 to $62.65;

Time Warner


, up 10 cents to $18.70; and


(PFE) - Get Report

, down 18 cents to $25.83.


volume leaders included


(MSFT) - Get Report

, down 23 cents to $24.31;


(ORCL) - Get Report

, down 62 cents to $12.54;


(INTC) - Get Report

, unchanged at $23.41;


(CSCO) - Get Report

, down 23 cents to $17.80;

Sun Microsystems

(SUNW) - Get Report

, up 1 cent to $4.24; and

Apple Computer

(AAPL) - Get Report

, up 71 cents to $42.96.