Stocks in Motion: Bebe

Updated from 11:21 a.m. EST

Shares of Bebe ( BEBE) were among the Nasdaq's losers Thursday, falling 14.2% after the clothing retailer turned in second-quarter earnings that narrowly missed Wall Street expectations.

The company earned $24.3 million, or 39 cents a share, on sales of $152.6 million. Analysts polled by Thomson First Call were expecting earnings of 40 cents a share on sales of $146.2 million. A year ago, Bebe earned $13.9 million, or 23 cents a share, on sales of $112 million. Same-store sales in the most recent period climbed 27.3% compared with 7.1% a year ago. Looking ahead, Bebe forecast third-quarter earnings of 11 cents to 14 cents a share. Analysts had been expecting earnings of 13 cents a share. Shares traded down $3.85 to $23.35.

Charlotte Russe ( CHIC) fell 5.4% after the company posted first-quarter earnings and sales that fell short of expectations. The women's clothing retailer posted a profit of 7 cents a share, at the low end of its earnings guidance given in December, on sales of $150 million. Analysts were expecting earnings of 8 cents a share on sales of $155.9 million. Comparable-store sales decreased 9.9% during the quarter vs. 7.6% a year ago. The company had forecast a same-store sales decline of mid- to high-single digits.

Looking ahead, Charlotte Russe said "financial forecasting for our business continues to be a challenge in light of the last quarter and the clearance selling in January to date." In that light, Charlotte Russe warned that it would post a second-quarter loss of 7 cents to 11 cents a share, lower than the loss of 4 cents a share that analysts had been expecting. Shares traded down 54 cents to $9.56.

Shares of World Airways ( WLDA) rose 7.6% after the cargo company landed a cargo charter contract valued at $116 million. The two-year deal with Eva Airways calls for World to provide three MD-11F freighters that will be used between Taipei, Taiwan and the United States. The service is scheduled to begin in March 2005. Eva has been using World Airways since March 2004, when it entered into a contract for one MD-11F freighter that's been used to fly between Taipei, Los Angeles and Chicago. That deal is scheduled to expire in March 2005. Shares traded up 45 cents to $6.40.

D.R. Horton ( DHI) fell 4.3% after the home builder posted solid first-quarter earnings but turned in sales that fell short of expectations. The company earned $241 million, or $1.01 a share, on sales of $2.5 billion. Analysts were expecting earnings of 93 cents a share on sales of $2.62 billion.

Looking ahead, Horton expects second-quarter earnings of $1 to $1.05 a share, which is in line with expectations. For all of 2005, D.R. Horton raised its earnings guidance to $4.75 to $4.90 a share, up from a previous forecast of $4.50 to $4.70 a share. Sales are now expected to be more than $12.5 billion, up from previous guidance of more than $12 billion. Analysts had been expecting 2005 earnings of $4.74 a share on sales of $12.7 billion. Shares traded down $1.78 to $39.22.

Shares of MarineMax ( HZO) rose 6.3% after the boat retailer posted first-quarter results that easily beat expectations. The company earned $2.8 million, or 17 cents a share, on sales of $184.2 million. Analysts were expecting earnings of 4 cents a share on sales of $156.3 million. A year ago the company earned $2.2 million, or 14 cents a share, on sales of $156.7 million.

MarineMax said that its enthusiasm over first-quarter results is tempered somewhat by its belief that it "likely benefited from a shift in business from the September quarter due to the hurricanes delaying sales and perhaps the acceleration of business from future quarters." That said, the company raised its 2005 earnings guidance to $1.80 to $1.85 a share, up from previous guidance of $1.75 to $1.80 a share. The revised guidance includes a 3-cent reduction due to an accounting change that goes into effect during the fourth quarter of 2005. Shares traded up $1.78 to $29.90.

NYSE volume leaders included Lucent ( LU), down 14 cents to $3.28; Motorola ( MOT), down 43 cents to $15.77; Pfizer ( PFE), up 10 cents to $24.98; Nokia ( NOK), down 43 cents to $14.10; Calpine ( CPN), down 19 cents to $3.24; and Nortel ( NT), up 2 cents to $3.12.

Nasdaq volume leaders included Sirius Satellite Radio ( SIRI), down 27 cents to $5.54; eBay ( EBAY), down $19.72 to $83.33; Cisco ( CSCO), up 17 cents to $18.32; Intel ( INTC), down 2 cents to $22.58; Aastrom Biosciences ( ASTM), down 15 cents to $3.90; Microsoft ( MSFT), down 12 cents to $25.86; Qualcomm ( QCOM), down $3.29 to $37.78; Sun Microsystems ( SUNW), up 7 cents to $4.24; and Oracle ( ORCL), down 19 cents to $13.28.

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