Shares of NutriSystem ( NTRI) were among Nasdaq's winners Wednesday, rising 14% after the provider of weight management and fitness products boosted its third-quarter sales forecast. The company now expects sales of $64 million to $65 million, up significantly from its prior view of $41 million to $43 million. Analysts polled by Thomson First Call had been expecting sales of $43.1 million. The company said it signed 115,000 new customers during the quarter, well above the 65,000 that it had been expecting. "Third-quarter revenue and customer growth continued to be very strong across all our sales channels. Once again we grew right through the seasonality that is customary in the weight loss market, and we believe we're only beginning to reawaken the NutriSystem brand," the company said. NutriSystem plans to release its third-quarter results on Oct. 25. Shares were trading up $3.75 to $30.56. Motive ( MOTV) dropped 37% after the software company warned that third-quarter results would fall below expectations. The company now expects a loss of 20 cents to 27 cents a share on sales of $16.5 million to $18.5 million. Excluding items, the company expects a loss of 12 cents to 17 cents a share. Sales, excluding acquisitions, are now expected to be between $15.5 million to $17.5 million. Previously, Motive projected that it would post an adjusted profit, which excludes items, of 5 cents to 6 cents a share on sales of $24.5 million to $25.5 million. Analysts had been expecting earnings of 5 cents a share on sales of $24.9 million. As a result of the company's weak third-quarter performance, it is now "reviewing strategic options" for its Global 2000 enterprises business and "taking immediate steps to bring our cost structure in line with our new business requirements," the company said. Shares were trading down $2.33 to $3.93.
Yum! Brands ( YUM) shares rose 4% after the fast-food restaurant operator posted third-quarter earnings that topped forecasts. The company earned $214 million, or 72 cents a share, on sales of $2.24 billion. Analysts had estimated earnings of 70 cents a share on sales of $2.24 billion. A year earlier, the company earned $185 million, or 61 cents a share, on sales of $2.18 billion. Yum! performed particularly well in China, where the company posted an operating profit of $85 million, up 31% from a year ago, on sales of $360 million, up 18% from last year. Looking ahead, Yum! forecast fourth-quarter earnings of 78 cents a share, in line with analysts' average expectation. Shares were trading up $1.98 to $50.25. B/E Aerospace ( BEAV) rose 8% after the maker of aircraft cabin components lifted its 2006 earnings and sales guidance. The company now expects earnings of $1.10 a share on sales of $1 billion. Previously, the company predicted earnings of $1 to $1.10 a share on sales of more than $900 million. Analysts had been expecting earnings of $1.10 a share on sales of $938 million. As for fiscal 2005, B/E Aerospace continues to expect earnings of 50 cents a share, "notwithstanding the lower level of Boeing ( BA) aircraft deliveries in the second half of 2005," the company said. Analysts forecast full-year earnings of 54 cents a share. Shares recently gained $1.32 to $17.49. Shares of Wolverine World Wide ( WWW) rose 8% after the shoemaker reported better-than-expected third-quarter earnings and sales. The company earned $24.6 million, or 42 cents a share, on sales of $279.1 million. Analysts anticipated earnings of 41 cents a share on sales of $278.9 million. Looking ahead, Wolverine forecast 2006 earnings of $1.38 to $1.44 a share on sales of $1.11 billion to $1.13 billion. Analysts had forecast earnings of $1.43 a share on sales of $1.14 billion. Wolverine shares rose $1.69 to $22.34.
NYSE volume leaders included Lucent Technologies ( LU), down 11 cents to $3.32; Delphi ( DPH), down 20 cents to $2.58; Motorola ( MOT), down 46 cents to $21.86; Texas Instruments ( TXN), down 51 cents to $31.50; Calpine ( CPN), up 1 cent to $2.98; Nortel Networks ( NT), down 5 cents to $3.38; and General Electric ( GE), up 5 cents to $32.90. Nasdaq volume leaders included JDSU ( JDSU), up 12 cents to $2.37; Human Genome Sciences ( HGSI), down $4.50 to $9.47; Microsoft ( MSFT), down 9 cents to $24.89; Sun Microsystems ( SUNW), up 6 cents to $4.26; Cisco Systems ( CSCO), up 8 cents to $17.75; and Intel ( INTC), down 13 cents to $24.37.