were among the NYSE's winners Wednesday, rising 7% after the luxury goods retailer's third-quarter results exceeded expectations.
For the period ended Oct. 31, Tiffany earned $29.1 million, or 21 cents a share, on revenue of $547.8 million. Analysts surveyed by Thomson First Call projected earnings of 16 cents a share and revenue of $544 million. During the year-earlier period, the company earned $23.8 million, or 16 cents a share, on revenue of $500.1 million.
Looking ahead, Tiffany raised its full-year earnings forecast to a range of $1.79 to $1.84 a share, up from an earlier view of $1.77 to $1.82 a share. The company predicts revenue growth of 10% for the full year. Analysts project earnings of $1.77 a share and revenue of $2.61 billion. Shares were trading up $2.49 to $38.42.
( DBRN) vaulted 17% after the women's apparel retailer reported first-quarter results that topped forecasts. For the quarter ended Oct. 29, the company earned $27.4 million, or 40 cents a share, on revenue of $358.4 million. Same-store sales jumped 7%. Analysts expected earnings of 37 cents a share on revenue of $351.7 million. A year earlier, Dress Barn earned $20.4 million, or 32 cents a share, on revenue of $318.9 million.
Dress Barn now sees full-year earnings of $1.30 to $1.35 a share, up from an earlier view of $1.25 to $1.30 a share. Analysts, on average, forecast earnings of $1.31 a share. The retailer's shares recently changed hands at $3.39, up $23.89.
( RSTO) climbed 9% after the home-goods retailer posted better-than-expected third-quarter results. The company reported a loss of $5.7 million, or 15 cents a share, compared with a year-earlier loss of $4.2 million, or 11 cents a share. Analysts predicted a bigger loss of 16 cents a share. Revenue rose to $157.1 million from $128.4 million, topping Wall Street's expectation of $151.5 million. Same-store sales rose 3.9%.
For the fourth quarter, Restoration Hardware forecast earnings of 34 cents to 44 cents a share. The company predicts revenue growth of 24% to 28%, or roughly $236.9 million to $244.5 million. Analysts, on average, project earnings of 43 cents a share on revenue of $229.3 million. Shares were trading up 79 cents to $9.01.
shares jumped 12% after the retailer posted mixed third-quarter results. The company reported a loss of $10.9 million, or 66 cents a share, including a charge of 10 cents a share. Analysts expected a loss of 45 cents a share. Bon-Ton's revenue totaled $804.1 million, topping Wall Street's expectation of $791 million, while same-store sales dropped 10.5%. A year earlier, the company recorded a loss of $6.3 million, or 39 cents a share, on revenue of $285.7 million. Shares were up $3.82 to $36.10.
rose 1% after the automaker said 38,000 of its hourly union workers have accepted a buyout offer from the company. Ford had about 83,000 workers in the United Auto Workers union at the start of the year. Shares recently were up 8 cents to $8.23.
fell 5% after the company named a new president, announced store closings and said it plans a $500 million stock buyback. The discount store operator named David Bere as president and chief operating officer, effective Dec. 4. Bere previously served as a board member and will retain that position.
As part of a strategic review of its real estate portfolio, Dollar General said that it would close about 400 stores during fiscal 2007. The company also said it will continue to evaluate its store base for additional closing candidates. Shares were down 83 cents to $15.88.
The NYSE's volume leaders included
( LU), up 2 cents to $2.58;
, up 24 cents to $27.29;
, up $1.02 to $33.84;
, up 28 cents to $7.88; Ford;
, up 7 cents to $30.04;
( NT), up 94 cents to $28.51; and
, up 20 cents to $20.38.
volume leaders were
( COMS), down 44 cents to $4.05;
, up 15 cents to $27.18;
, up 39 cents to $21.37;
, up 20 cents to $29.59;
, up 86 cents to $92.67;
, up $2.93 to $10.33; and
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, up 4 cents to $4.21.