Updated from 11:29 a.m.
were among the
losers Tuesday, falling 8.3% after the company posted first-quarter results that fell below Wall Street expectations.
The retailer posted earnings of $38 million, or 46 cents a share, on sales of $1.8 billion. Analysts polled by Thomson First Call were expecting earnings of 53 cents a share on sales of $1.92 billion. A year ago, the company earned $53.8 million, or 64 cents a share, on sales of $1.85 billion. Last year's results included charges totaling 4 cents a share. Gross margin in the latest period was impacted by higher levels of markdowns, which led to a decline of 90 basis points. Shares traded down $2.11 to $23.35.
rose modestly after the company posted first-quarter results that beat forecasts. The home products retailer earned $26.2 million, or 22 cents a share, on sales of $720.7 million. Analysts were expecting earnings of 19 cents a share on sales of $719 million. A year ago, the company earned $21.4 million, or 18 cents a share, on sales of $640.9 million. Looking ahead, Williams-Sonoma forecast second-quarter earnings of 24 cents to 26 cents a share on sales of $774 million to $790 million. Analysts are expecting earnings of 26 cents a share on sales of $789.8 million. Shares traded up 15 cents to $37.87.
fell 4.8% after the company posted strong second-quarter results but cautioned that its third-quarter earnings target could be at risk because of poor weather. The maker of outdoor maintenance products earned $62 million, or $1.33 a share, on sales of $628.4 million. Analysts were expecting earnings of $1.30 a share. A year ago, the company earned $52.2 million, or $1 a share, on sales of $548 million. Strength in the company's professional segment contributed to the second-quarter earnings beat. Sales increased 14.9% to $389.1 million. Earnings for the segment were $84.6 million, up 18% from last year's $71.7 million.
Looking ahead, Toro said its third-quarter earnings target would be at risk if the remainder of the spring retail season does not return to more favorable weather soon. Still, on the assumption of normal weather patterns resuming for the rest of the season, the company modestly raised its earnings outlook for fiscal 2005. The company now expects 2005 earnings to exceed 2004's earnings by 15% to 18%. Previously, the company said that earnings would grow by 12% to 15%. Sales, meanwhile, are still expected to grow by 9% to 11%. Analysts are expecting 2005 earnings of $2.46 a share on sales of $1.83 billion. Shares traded down $2.32 to $46.18.
rose 4.2% after the video-game retailer posted first-quarter results that topped expectations. The company earned $10.3 million, or 19 cents a share, on sales of $474.7 million. Analysts were expecting earnings of 17 cents a share on sales of $452.3 million. A year ago, the company earned $6.7 million, or 11 cents a share, on sales of $371.7 million. Last year's results included a charge of $1.7 million, or 3 cents a share. Looking ahead, GameStop forecast second-quarter earnings of 14 cents to 15 cents a share on comp-store sales growth of 5% to 7%. Analysts are expecting earnings of 14 cents a share. Shares traded up $1.21 to $29.75.
rose 1.9% after the company announced the resignation of its Chief Financial Officer Joseph Corbett, who joined the company in January. Chief Executive Harry You will serve as interim CFO until a permanent replacement is found. You, who joined the company in March, previously served as CFO at
. BearingPoint said Corbett's departure from the company was through mutual agreement. "Harry and I together decided that the challenges facing BearingPoint require that Harry have a CFO of his own choosing," Corbett said. In April, BearingPoint said the
Securities and Exchange Commission
launched an informal probe of the company's accounting practices. Shares traded up 12 cents to $6.58.
NYSE volume leaders included
( LU), down 4 cents to $2.85;
, up 8 cents to $28.84;
, up 5 cents to $17.72;
( NT), down 9 cents to $2.63;
, up 15 cents to $27.53;
, down 11 cents to $37.07;
, down 19 cents to $9.98;
, up 29 cents to $55.04; and
( DNA), up $2 to $78.60.
volume leaders included
, up 45 cents to $20;
, up 46 cents to $26.96;
, down 10 cents to $25.75;
, up 10 cents to $12.80; and
( EYET), down $11.02 to $12.95.