Stocks in Motion: Wilsons The Leather Experts - TheStreet

Updated from 11:40 a.m.

Shares of

K2

( KTO) were among the

NYSE's

losers Wednesday, falling 5.3% after the company posted in-line fourth-quarter earnings but warned that first-quarter earnings would fall short of expectations.

The outdoor equipment maker earned $8.8 million, or 18 cents a share, on sales of $338.9 million during the fourth quarter. Analysts polled by Thomson First Call were expecting earnings of 18 cents a share on sales of $312 million. A year ago the company earned $2.2 million, or 7 cents a share, on sales of $193.8 million. Looking ahead, K2 forecast first-quarter earnings of 4 cents to 6 cents a share, which excludes items. For all of 2005, the company expects to post earnings of 87 cents to 91 cents a share. Analysts had been expecting first-quarter earnings of 27 cents a share and 2005 earnings of $1.03 a share. Shares traded down 79 cents to $14.16.

Lear

(LEA) - Get Report

fell 10.9% after the maker of car interiors slashed its first-quarter earnings guidance. The company now expects to post breakeven results, down significantly from its previous earnings guidance of 50 cents to 70 cents a share. Analysts had been expecting earnings of 64 cents a share. The company blamed the weak outlook on North American auto industry production cuts. Lear's previous guidance was based on a 5% decline in North American production. Since then, it said, production schedules have continued to decline. What's more, Lear said it is experiencing continued cost pressures from its supply base. Lear expects to post first-quarter results on April 22. Shares traded down $5.76 to $47.

Shares of

Iron Mountain

(IRM) - Get Report

rose 12.7% after the record management company posted fourth-quarter numbers that were above expectations. The company earned $30 million, or 23 cents a share, on sales of $478.9 million. Analysts were expecting earnings of 16 cents a share on sales of $463.9 million. During the fourth quarter storage sales grew by 15% and service sales grew by 21% compared to a year ago. Looking ahead, Iron Mountain forecast first-quarter operating income of $78 million to $85 million on sales of $485 million to $495 million. Analysts are expecting earnings of 16 cents a share on sales of $481.1 million. Shares traded up $3.43 to $30.45.

Wilsons The Leather Experts

(WLSN)

rose 27.7% after the leather goods retailer posted fourth-quarter earnings that were better than expected. Excluding items, the company earned $44.4 million, or $1.11 a share, on sales of $200.1 million. Analysts were expecting earnings of $1 a share on sales of $200 million. A year ago the company earned $21 million, or $1.01 a share, on sales of $268.1 million. Shares traded up 90 cents to $4.15.

Shares of

Teledyne Technologies

(TDY) - Get Report

rose 1.3% after the maker of aerospace equipment raised its first-quarter earnings guidance. The company now expects earnings of 37 cents to 40 cents a share, up from previous guidance of 30 cents to 33 cents a share. Analysts had been expecting earnings of 32 cents a share. Teledyne said it expects sales in its systems engineering segment to peak during the first quarter, which is attributable, in part, to favorable timing on certain chemical weapons demilitarization programs and Teledyne's systems engineering and technical assistance contract with the U.S. Army. Teledyne said its energy systems business and its military turbine engine business will be lower during the second half of 2005 compared to year-ago results. Shares traded up 42 cents to $31.75.

NYSE volume leaders included

Qwest

(Q)

, down 12 cents to $3.93;

Lucent

( LU), down 1 cent to $3.16;

Elan

(ELN)

, down 3 cents to $7.94;

Nortel

( NT), up 3 cents to $2.93;

Exxon Mobil

(XOM) - Get Report

, up 58 cents to $62.68; and

Pfizer

(PFE) - Get Report

, unchanged at $26.61.

Nasdaq

volume leaders included

Sirius Satellite Radio

(SIRI) - Get Report

, up 3 cents to $5.92;

Intel

(INTC) - Get Report

, down 10 cents to $24.52;

Microsoft

(MSFT) - Get Report

, down 2 cents to $25.26;

Cisco

(CSCO) - Get Report

, up 24 cents to $17.74;

Tibco Software

(TIBX)

, down $1.86 to $7.04; and

Oracle

(ORCL) - Get Report

, down 10 cents to $13.05.