Wednesday's Late Winners & Losers

American Eagle Outfitters surges on strong March sales figures.
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Several

retailers climbed in after-hours trading Wednesday on newly issued financial reports.

American Eagle Outfitters

(AEO) - Get Report

led with a 4.7% gain.

The Warrendale, Pa., casual-apparel maker said March same-store sales (for the five weeks ended April 7) leapt 20% year over year and total sales ratcheted up 35% to $271.4 million. Shares were $1.40 higher at $31.47 in recent late trading.

Additionally, pop-culture apparel retailer

Hot Topic

(HOTT)

and sports-products purveyor

Zumiez

(ZUMZ) - Get Report

both saw strong March gains in revenue and same-store sales. Hot Topic shares were tacking on 2.8% to $11.25; Zumiez was adding 54 cents, or 1.3%, to $41.20. Home-furnishing retailer

Bed Bath & Beyond

(BBBY) - Get Report

squeaked past

earnings and sales estimates for the quarter ended March 3, but shares were lately off 75 cents, or 1.8%, to $39.98.

The financial sector doled out a couple of winners after hours, most prominently with

NovaStar Financial

(NFI)

. The struggling subprime-mortgage lender got a 14.9% boost to $5.78 after saying it will

consider selling itself

. It has also received a commitment for up to $100 million in additional financing from Wachovia.

Luminent Mortgage Capital

(LUM)

, meanwhile, climbed 4.9% to $7.71 after adopting a prearranged stock-repurchase plan. The San Francisco-based firm originally authorized 5 million shares for buyback, of which some 2.4 million are remaining.

Elsewhere,

Advanced Magnetics

(AMAG) - Get Report

jumped on good results from two late-phase studies of ferumoxytol, which is proposed as an intravenous iron-replacement therapy for chronic-kidney disease in non-dialysis-dependent patients. Of these, the trial largely focused on drug efficacy achieved all primary and secondary endpoints. Shares were gaining $8.64, or 13.3%, to $73.75.

SAIC

(SAI)

posted per-share earnings of 20 cents in the quarter ended Jan. 31. This beats Street expectations by 3 cents, according to Thomson Financial. Shares were rising 2.6% to $17.55.

On the flip side, fitness-products maker

Nautilus

(NLS) - Get Report

slid 12.6% to $14 after slashing first-quarter earnings guidance to a range of 8 cents to 9 cents a share on $160 million in sales, well below analysts' targets of 20 cents a share on $192.2 million revenue. Previously, profits were pegged at 18 cents to 21 cents a share on sales of $185 million to $195 million.

Research In Motion's

(RIMM)

fiscal fourth-quarter results -- 99-cent per-share earnings on $930.4 million in sales --

narrowly missed estimates. The Canada-based maker of Blackberry devices also said the

Securities and Exchange Commission

has ramped up its investigation into the company's stock-option practices. Shares were recently off $10, or 6.9%, to $136.02.