Today's Winners and Losers: Career Education

Shares jump after an SEC committee says it will recommend an end to the agency's probe.
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Shares of

PF Chang's

(PFCB)

were among the

Nasdaq's

losers Wednesday, falling 8% after the operator of Chinese restaurants posted first-quarter revenue that fell just shy of Wall Street estimates.

The company reported revenue of $228.6 million during the first quarter, up from $194.2 million a year earlier, but below the $229.4 million that analysts polled by Thomson First Call expected. Revenue at the company's PF Chang's China Bistro segment totaled $186.9 million, while the company's Pei Wei Asian Diner business had revenue of $41.7 million. Same-store sales increased 1.3% at the Bistro unit, but fell 2% at Pei Wei. The company plans to report first-quarter earnings on April 26. Shares were recently trading down $3.78 to $45.50.

Shares of

Career Education

(CECO) - Get Report

jumped 11% after the for-profit education company said the Midwest regional office of the

Securities and Exchange Commission

is going to recommend that the SEC end its probe of the company. The staff also said it will recommend that no enforcement action be taken against the company, Career Education said. The company noted, however, that recommendations by the SEC staff are not final decisions. Shares were trading up $3.93 to $40.59.

Monsanto

(MON)

posted higher-than-expected second-quarter earnings, but shares were modestly lower. The agricultural products company reported earnings of $440 million, or $1.60 a share, on sales of $2.2 billion. Analysts expected earnings of $1.52 a share and sales of $2.23 billion for the quarter ended Feb. 28. During the year-ago period the company earned $373 million, or $1.37 a share, on sales of $1.91 billion. Excluding discontinued operations and one-time items, year-earlier earnings were $1.38 a share.

Monsanto continues to forecast 2006 earnings at the high end of a range of $2.35 to $2.50 a share. Analysts project earnings of $2.61 a share. Shares were trading down 81 cents to $85.07.

Sears Holdings

(SHLD)

rose 2% after the retailer said it plans to buy an additional $500 million in stock as part of its buyback program. The company still has $30 million remaining on its previous $1 billion buyback plan. Sears has bought back about 8 million shares at an average cost of $120.86 a share since September. Shares were trading up $3.02 to $134.70.

Shares of

TradeStation

(TRAD)

rose 6% after Standard & Poor's said it plans to add the online brokerage firm to its

S&P 600

index after the close of trading Wednesday. TradeStation will replace

Nature's Sunshine Products

(NATR) - Get Report

, which S&P removed on Tuesday night. Nature's Sunshine, which makes and markets vitamins and herbs, was delisted from Nasdaq for failing to comply with listing requirements. Shares of TradeStation were recently up 86 cents to $14.67, while shares of Nature's Sunshine sank $1.38, or 14%, to $8.65.

NYSE

volume leaders included

Lucent Technologies

(LU)

, up 6 cents to $3.10;

St. Jude Medical

(STJ)

, down $4.85 to $36.45;

Boston Scientific

(BSX) - Get Report

, down 30 cents to $21.84;

Time Warner

(TWX)

, up 7 cents to $16.86;

Seagate Technology

(STX) - Get Report

, down 54 cents to $27.15;

Maxtor

(MXO)

, down 24 cents to $9.84;

Tenet Healthcare

(THC) - Get Report

, up 44 cents to $8.34;

Medtronic

(MDT) - Get Report

, down 57 cents to $50.83; and

Ford

(F) - Get Report

, down 7 cents to $7.61.

Nasdaq volume leaders included

Ciena

(CIEN) - Get Report

, down 2 cents to $4.89;

Apple Computer

(AAPL) - Get Report

, up $3.93 to $65.10;

Intel

(INTC) - Get Report

, up 2 cents to $19.32;

Oracle

(ORCL) - Get Report

, up 8 cents to $13.92;

Microsoft

(MSFT) - Get Report

, up 22 cents to $27.86;

Sun Microsystems

(SUNW) - Get Report

, up 2 cents to $5.13;

JDSU

(JDSU)

, up 1 cent to $3.92;

Generex Biotechnology

(GNBT)

, up 17 cents to $2.58;

Applied Materials

(AMAT) - Get Report

, up 25 cents to $18.01; and

Cisco

(CSCO) - Get Report

, up 16 cents to $21.72.