were among the
losers Thursday, plunging 24% after the women's clothing chain posted in-line second-quarter earnings but warned of a sales slowdown.
For the period ended July 29, Chico's earned $53.8 million, or 30 cents a share, on sales of $404.7 million. Analysts expected earnings of 30 cents a share on sales of $408.6 million. During the year-earlier period, the company earned $49.1 million, or 27 cents a share, on sales of $342.9 million.
"We have not realized the level of same store sales in the Chico's brand that we originally anticipated, and it appears we are facing our first negative same-store sales results in some time," Chico's said. The company forecast third-quarter earnings of 26 cents to 28 cents a share, below analysts' projection of 32 cents. For the fourth quarter, the company predicts earnings of 25 cents to 27 cents a share, compared with Wall Street's expectation of 30 cents. Shares were trading down $5.78 to $18.30.
slid 8% after the home-goods retailer posted mixed second-quarter results and cut its guidance. For the period ended July 30, the company reported second-quarter earnings of $35.6 million, or 30 cents a share, on sales of $825.5 million. Excluding items, the company earned 29 cents a share, a nickel better than analysts' target. But the company's sales totaled $825.5 million, short of Wall Street's forecast of $833.8 million, while same-store sales rose 1.2%. During the year-earlier quarter, the company earned $30.8 million, or 26 cents a share, on sales of $776.2 million.
Williams-Sonoma now sees adjusted third-quarter earnings of 27 cents to 31 cents a share, down from an earlier forecast of 38 cents to 40 cents a share. The company now predicts sales of $855 million to $875 million, down from an earlier view of $900 million to $921 million. Analysts project earnings of 33 cents a share on sales of $908.4 million. For the fiscal year, the company cut its revenue forecast to $3.75 billion to $3.8 billion from an earlier view of $3.83 billion to $3.9 billion. The company now sees full-year earnings of $1.87 to $1.94 a share, down from an earlier forecast of $1.97 to $2.01 a share. Shares were down $2.68 to $29.92.
rose 6% after the women's apparel retailer posted better-than-expected second-quarter results. For the period ended July 29, the company earned $12 million, or 13 cents a share, up from $6.2 million, or 7 cents a share, a year earlier. Sales jumped to $216.4 million from $153.3 million, as same-store sales jumped 13.3%. Analysts polled by Thomson First Call expected earnings of 10 cents a share on sales of $197.4 million.
"The combined strength of our triple-channel business strategy resulted in net income growth of nearly 94%, as well as higher net sales and a solid double-digit increase in same-store sales for the second quarter," Coldwater Creek said. Shares were trading up $1.46 to $26.59.
rose 6% after the hotel company announced details of its plans for the proceeds of
( CD) sale of Travelport. Wyndham will receive $790 million in proceeds, which will be used to pay a $310 million revolving credit facility and part of its $375 million interim loan facility. The company also plans to begin a $400 million share buyback. Cendant, Wyndham's former parent, sold Travelport to the Blackstone Group in a deal that closed Wednesday.
Wyndham was also boosted by an upgrade from Goldman Sachs, which raised its rating to buy from neutral. Shares recently were up $1.71 to $28.09.
rose 5% after the discount retailer posted second-quarter earnings that beat expectations. The company earned $4.3 million, or 11 cents a share, on sales of $406.9 million. Same-store sales rose 3.1%. Analysts expected earnings of 9 cents a share, with sales of $409.4 million. A year earlier, Fred's earned $3.5 million, or 9 cents a share, on sales of $373.3 million. Shares were up 53 cents to $13.47.
( PMI) rose 1% after the mortgage-insurance company announced an accelerated stock-buyback program. The company plans to buy up to $345 million in stock from Goldman Sachs. The stock is being bought as part of the company's previously announced $400 million repurchase program. PMI will fund the buyback with a bridge loan, which must be repaid by Nov. 22. Shares changed hands at $43.42, up 34 cents.
NYSE volume leaders included
, down 18 cents to $4.50;
, up 23 cents to $7.99;
, down 49 cents to $26.62;
( LU), up 1 cent to $2.23;
, up 2 cents to $48.60;
, up 20 cents to $27.34; and
, up 21 cents to $34.
volume leaders included
, up 80 cents to $13.99;
, down 3 cents to $18.35;
, up 34 cents to $21.39;
, up 13 cents to $16.04;
, up 15 cents to $15.47;
, down 88 cents to $26.12;
Sirius Satellite Radio
, up 6 cents to $4.10; and
, up 7 cents to $25.74.