Winners

  • Cache ( CACH), a chain of women's apparel stores, reported first-quarter earnings of 20 cents a share, up from 13 cents in the year-ago period. Sales rose 8% to $47.6 million, and same-store sales increased 5%. The stock was gaining 25.7% to $8.99, a 52-week high.

  • Capstead Mortgage ( CMO) was up 7.6% to $22.28 a day after the company reported first-quarter earnings of $1.43 a share, up from $1.39 a share a year ago. The company did warn that operating income for the rest of 2002 could show declines, especially if short-term interest rates increase.

  • IManage ( IMAN), a maker of content management software, earned a penny a share in the first quarter, excluding items, which beat analysts' expectations. Revenue rose 36% to $11.8 million. The company's stock rose 10% to $7.10.

  • HTE ( HTEI), a provider of software for public sector organizations and utilities, earned 14 cents in the latest first quarter, topping the company's previous guidance. Revenue for the quarter increased 7% to $16.9 million, and the company raised its earnings guidance for the full year. The company also set plans to buy back more stock. Shares of HTE were recently climbing 20% to $6.61, a 52-week high.

  • Mothers Work ( MWRK), a maternity apparel retailer, earned 2 cents a share in the second quarter, reversing a loss of 65 cents in the year-ago period. Sales increased 17.8% to $104.9 million, and same-store sales rose 3.9%. The stock was adding 9.4% to $26.25, a 52-week high.

    Losers

  • Shares of credit card issuer Metris ( MXT) were losing another 8% to $12.20, a day after the company warned that full-year financial results would be lower than expected as more consumers are paying down their debt and spending less. Shares of Metris ended down 31% on Wednesday.

  • Spectrian ( SPCT) lost 54 cents a share for the fiscal fourth quarter, excluding items. Analysts were looking for a loss of 63 cents. Revenue fell to $27.5 million from $44.2 million in the year-ago quarter. When calculated according to generally accepted accounting principles, the company had a profit of 4 cents. Shares of Spectrian, a maker of power amplifiers for wireless applications, were falling 18% to $13.15.

  • Sungard Data ( SDS) was down 7.2% to $27.49 after Morgan Stanley downgraded the stock to equal-weight from overweight. Several research firms have been lowering their ratings on Sungard in advance of the company's quarterly earnings, which are due after the close.

  • Three-Five Systems ( TFS), a maker of liquid crystal display modules, was falling almost 7% to $14.25 ahead of its first-quarter earnings release, which is scheduled for after the close of trading Thursday. Analysts expect the company to lose 23 cents, reversing a profit of a penny in the year-ago period.

  • Timberland ( TBL) earned 23 cents a share in the first quarter, excluding a gain, topping estimates by 2 cents. Revenue fell 8% to $225.7 million from $245.4 million. The company expects a mid-single-digit revenue decline in the second quarter and continued pressure on operating margins. For the second half of 2002, Timberland said while it remains committed to regaining growth and earnings momentum, its goals of mid-single-digit revenue growth and sustained operating margins "remain challenging and appropriate financial targets." The stock was down more than 9% to $40.75.