Stocks in Motion: Spire

Shares take off after a big second quarter.
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Shares of

Dick's Sporting Goods

(DKS) - Get Report

were among the

NYSE's

losers Tuesday, falling 14% after the sporting goods retailer posted mixed second-quarter results and warned that third-quarter earnings would be well below expectations.

The company reported second-quarter earnings of $22.1 million, or 41 cents a share, on sales of $622 million. Excluding items, Dick's would have posted earnings of $24.2 million, or 45 cents a share. Analysts polled by Thomson First Call were expecting earnings of 45 cents a share on higher sales of $654.3 million. A year ago the company earned $17.9 million, or 34 cents a share, on sales of $416.1 million.

Looking ahead, Dick's forecast third-quarter earnings of 6 cents to 8 cents a share. Analysts had been expecting earnings of 17 cents a share. For the full year, Dick's forecast pro forma earnings of $1.70 to $1.75 a share, below its most recent guidance of $1.82 to $1.87 a share. Analysts had been expecting earnings of $1.85 a share. "Guidance is being revised due to a sales shortfall to our plan in the former Galyan's stores," the company said. "The stores are behaving more similar to a new Dick's store in a new market, when we had anticipated they would outperform a new Dick's store." The company said that its golf and athletic footwear categories have also performed below plan. Shares were recently trading down $5.48 to $33.75.

Estee Lauder

(EL) - Get Report

rose 7% after the company reported fourth-quarter results that beat expectations. The cosmetics company posted earnings of $66.6 million, or 30 cents a share, on sales of $1.54 billion. Excluding a tax charge, the company would have earned $94.1 million, or 42 cents a share. Analysts were expecting earnings of 41 cents a share on sales of $1.52 billion. A year ago the company earned $71.1 million, or 31 cents a share, on sales of $1.4 billion. Looking ahead, Estee Lauder forecast fiscal 2006 earnings of $1.95 to $2 a share, which includes items totaling 17 cents a share. Sales, meanwhile, are expected to grow by 5.5% to 6.5%, implying sales of $6.68 billion to $6.75 billion. Analysts are expecting earnings of $2.15 a share on sales of $6.65 billion. Shares were trading up $2.47 to $39.87.

Shares of

Spire

(SPIR)

rose 45% after the provider of solar energy manufacturing equipment posted big gains in second-quarter earnings and sales. The company reported earnings of $4.7 million, or 67 cents a share, on sales of $7.3 million. A year ago the company earned $1.3 million, or 18 cents a share, on sales of $4.3 million. The company posted a gain on sale of licenses of $6.3 million during the most recent quarter, up from $3 million a year ago. Spire attributed the big jump in earnings to the sale of a license related to its solar technology. Shares were trading up $3.71 to $11.76.

American Eagle Outfitters

(AEOS)

fell 9% after the company posted second-quarter earnings that beat expectations by a penny and offered in-line third-quarter guidance. The clothing retailer posted earnings from continuing operations of $58 million, or 37 cents a share, on sales of $513.3 million. Analysts were expecting earnings of 36 cents a share on sales of $509.9 million. A year ago the company posted earnings from continuing operations of $31.6 million, or 22 cents a share, on sales of $395.4 million. Looking ahead, American Eagle forecast third-quarter earnings of 45 cents to 46 cents a share. Analysts are expecting earnings of 46 cents a share on sales of $545.2 million. During last year's third quarter the company earned 39 cents a share on sales of $503.4 million. Shares were trading down $2.79 to $27.93.

Shares of

Applied Films

(AFCO)

fell 12% after the company posted fourth-quarter earnings that topped expectations but warned that first-quarter results would fall short of forecasts. The provider of thin film-deposition equipment reported pro forma earnings of $2.3 million, or 15 cents a share, on sales of $48.7 million. Analysts were expecting earnings of 11 cents a share on sales of $46.9 million. A year ago the company earned $5.4 million, or 36 cents a share, on sales of $65.5 million. Looking ahead, Applied Films forecast a first-quarter loss of 6 cents to 10 cents a share on sales of $41 million to $44 million. Analysts had been expecting earnings of 17 cents a share on sales of $52.2 million. Shares were recently trading down $2.95 to $22.58.

NYSE volume leaders included

Gateway

(GTW)

, down 71 cents to $3.18;

Wal-Mart

(WMT) - Get Report

, down $1.61 to $47.49;

Time Warner

(TWX)

, unchanged at $18.50;

Nortel Networks

(NT)

, down 8 cents to $3.18;

Lucent Technologies

(LU)

, down 4 cents to $2.88;

Bank of America

(BAC) - Get Report

, up 73 cents to $43.91; and

Deere

(DE) - Get Report

, down $6.39 to $66.42.

Nasdaq

volume leaders included

Intel

(INTC) - Get Report

, down 49 cents to $26.04;

Cisco Systems

(CSCO) - Get Report

, up 8 cents to $17.79;

Microsoft

(MSFT) - Get Report

, down 18 cents to $26.95;

Oracle

(ORCL) - Get Report

, down 2 cents to $13.27;

Dell

(DELL) - Get Report

, up 12 cents to $36.70;

Beacon Power

(BCON)

, up 22 cents to $3.52; and

Applied Materials

(AMAT) - Get Report

, down 35 cents to $17.29.