Shares of

Charlotte Russe

( CHIC) were among the

Nasdaq's

losers Thursday, tumbling 16% after the young-women's clothing retailer posted better-than-expected first-quarter results but warned that second- and third-quarter earnings will be below expectations.

For the first quarter ended Dec. 24, the company earned $7.1 million, or 29 cents a share, including a $600,000 charge, representing 1.5 cents a share. Analysts polled by Thomson First Call expected earnings of 28 cents a share. Same-store sales jumped 15.6%, while total sales were $201.5 million, beating analysts' forecast of $197.7 million. A year earlier, the company's earnings were $2.2 million, or 9 cents a share, on sales of $150 million.

Looking ahead, Charlotte Russe sees a second-quarter loss of 3 cents to 7 cents a share and third-quarter profit of 20 cents to 24 cents a share. Analysts expect break-even earnings for the second quarter and a profit of 26 cents a share for the third quarter. The company noted that a high level of promotional activity would continue during the next two quarters. What's more, its Rampage chain "continues to be a work in process with its brand repositioning," the company said. Charlotte Russe sees the chain posting a loss during the second quarter and a profit during the third quarter. Shares were trading down $3.16 to $16.34.

Briggs & Stratton

(BGG) - Get Report

tumbled 11% after the engine maker posted a disappointing profit report and outlook. The company earned $21.8 million, or 42 cents a share, on sales of $574.3 million for its second quarter. Analysts expected earnings of 47 cents a share and sales of $550 million. Year-earlier earnings for the December quarter came in at $7.1 million, or 14 cents a share, on sales of $503.7 million. Those earnings included an after-tax bad-debt expense of $19.8 million.

For the fiscal third quarter, Briggs & Stratton sees earnings of $67 million, or $1.28 a share. The estimate includes a charge of 3 cents a share. Analysts had forecast earnings of $1.50 a share.

Finally, the company said it plans to reduce its salaried headcount by 6% to 8% by Feb. 15. The company expects the job cuts to result in pretax savings of $10 million to $15 million beginning in fiscal 2007. Shares were trading down $4.44 to $34.56.

Shares of

Seagate Technology

(STX) - Get Report

rose 9% after the hard-drive maker reported better-than-expected second-quarter results and projected third-quarter results that are ahead of forecasts. The company earned $287 million, or 57 cents a share, on sales of $2.3 billion. Earnings for the December period included stock-based compensation expenses of $20 million and one-time charge of $6 million related to a licensing arrangement. Analysts expected earnings of 52 cents a share on sales of $2.2 billion. During the year-earlier period the company earned $144 million, or 29 cents a share, on sales of $1.85 billion.

Looking ahead, Seagate sees third-quarter earnings of 55 cents a share and sales of about $2.25 billion. The estimate excludes a stock-based compensation expense of $21 million, or 4 cents a share. Analysts projected earnings of 43 cents a share, with sales of $2.06 billion. Seagate shares were trading up $2.22 to $26.18.

International Game Technology

(IGT) - Get Report

rose 9% after the slot-machine maker posted first-quarter results that topped forecasts. The company earned $120.6 million, or 34 cents a share, on sales of $616.2 million, for the quarter ended Dec. 31. Results included stock-based compensation expenses of $6.1 million, or 2 cents a share. Analysts expected earnings of 27 cents a share on sales of $562.3 million. During the same period a year earlier, the company earned $122.4 million, or 33 cents a share, on sales of $641.2 million. Shares were trading up $2.90 to $34.95.

Shares of

Pantry

(PTRY)

rose 6% after the convenience store operator offered a first-quarter earnings preview that easily beat expectations. When the company reports its December quarter results on Jan. 26, it expects to post earnings of $1.43 to $1.48 a share. Earnings results will include an expense of 5 cents a share related to the company's recent refinancing of its credit facilities. Analysts expected first-quarter earnings of 86 cents a share. Pantry's same-store sales rose by nearly 5% for the quarter.

For all of fiscal 2006, the company raised its earnings forecast to $2.95 to $3.05 a share from its prior view of $2.80 to $2.90 a share. Analysts expect full-year earnings of $2.88 a share. Shares were trading up $3.10 to $56.97.

NYSE

volume leaders included

Advanced Micro Devices

(AMD) - Get Report

, up $3.87 to $37.24;

Pfizer

(PFE) - Get Report

, up 63 cents to $24.72;

Lucent Technologies

( LU), up 1 cent to $2.52;

Elan

(ELN)

, down $1.16 to $15.10;

Maxtor

( MXO), up 83 cents to $9.25;

General Electric

(GE) - Get Report

, down 21 cents to $34.58;

Nokia

(NOK) - Get Report

, up 30 cents to $18.66; and

Nortel Networks

( NT), up 5 cents to $3.12.

Nasdaq volume leaders included

Intel

(INTC) - Get Report

, up 2 cents to $22.62;

Ivanhoe Energy

(IVAN)

, down 10 cents to $2.78;

JDSU

(JDSU)

, up 21 cents to $2.78;

Apple Computer

(AAPL) - Get Report

, down $3.62 to $78.87;

eBay

(EBAY) - Get Report

, up $2.07 to $46.51;

Applied Materials

(AMAT) - Get Report

, up 15 cents to $19.89;

Microsoft

(MSFT) - Get Report

, up 11 cents to $26.94;

Cisco Systems

(CSCO) - Get Report

, up 20 cents to $18.93;

Yahoo!

(YHOO)

, up 9 cents to $35.27;

Oracle

(ORCL) - Get Report

, up 16 cents to $12.50;

Sirius Satellite Radio

(SIRI) - Get Report

, up 1 cent to $6.30; and

Sun Microsystems

(SUNW) - Get Report

, up 4 cents to $4.63.