Shares of Steven Madden ( SHOO) were among Nasdaq's winners Friday, rising 12% after the footwear company said that third-quarter earnings and sales would top Wall Street forecasts. The company expects earnings of 36 cents to 39 cents a share on sales of $99 million to $100 million. Analysts polled by Thomson First Call had been expecting earnings of 27 cents a share on sales of $93.6 million. A year ago the company earned 26 cents a share on sales of $88.6 million. "Our third quarter performance is a strong testament to the continued progress we are making in improving our overall operations, and accordingly, we are optimistic about the long-term," the company said in a statement. The company plans to release third-quarter results on Nov. 3. Shares were trading up $2.79 to $25.59. Staples ( SPLS) rose 3% after the office products company reiterated its third-quarter and full-year earnings outlook and announced a $1.5 billion share repurchase plan. During the third quarter the company expects earnings of 32 cents a share on low double-digit sales growth. For the full year the company expects earnings of $1.11 a share. Both forecasts are in line with analysts' expectations. The company expects 2006 earnings of $1.20 to $1.26 a share, which includes about 7 cents to 8 cents a share in stock option expense, on low double-digit sales growth. Analysts are expecting earnings of $1.28 a share on sales of $17.5 billion. As for the stock buyback plan, Staples said it would begin to repurchase up to $1.5 billion in stock once its current $1 billion share repurchase plan expires in November. The new repurchase plan will run through 2007. Shares were trading up 64 cents to $21.99. Shares of Oxford Industries ( OXM) rose 10% after the clothing maker posted first-quarter results that were better than expected. The company earned $13.9 million, or 79 cents a share, on sales of $336.5 million. Analysts were expecting earnings of 61 cents a share on sales of $329.6 million. A year ago the company earned $6.2 million, or 36 cents a share, on sales of $264.8 million. Looking ahead, Oxford now expects full-year earnings of $3.42 to $3.52 a share on sales of $1.38 billion to $1.4 billion. Previously, the company said it would earn $3.25 to $3.35 a share on sales of $1.37 billion to $1.39 billion. Analysts are expecting earnings of $3.33 a share on sales of $1.41 billion. Shares were trading up $4.33 to $49.25.
Thornburg Mortgage ( TMA) rose 5% after the company said third-quarter earnings would come in ahead of analysts' expectations. The mortgage lender said that it would "modestly exceed" the 68 cents a share in earnings that analysts are expecting. Thornburg said its third-quarter results "were generated from ongoing operations and without the benefit of asset sales." Thornburg will issue third-quarter results on Oct. 18. Shares were trading up $1.04 to $23.76. Shares of Tommy Hilfiger ( TOM) rose modestly after the company said it would cut 135 jobs in the U.S. so that it can better align its cost structure with the size of its business and financial goals. The cost cutting measures are being done to help the company shore up its ailing U.S. wholesale business, which the company called "challenged." Earlier this year, Tommy Hilfiger cut 200 jobs in its U.S. wholesale business and closed its young men's jeans division. The job cuts represented about 20% of its U.S. salaried positions. Shares were recently trading up 14 cents to $17.53. NYSE volume leaders included Lucent Technologies ( LU), down 2 cents to $3.18; Delphi ( DPH), down 70 cents to $1.50; Exxon Mobil ( XOM), up 48 cents to $59.05; General Electric ( GE), up 16 cents to $33.75; Pfizer ( PFE), down 3 cents to $24.62; Blockbuster ( BBI), up 66 cents to $5.11; and Chesapeake Energy ( CHK), up 40 cents to $32.99. Nasdaq volume leaders included Microsoft ( MSFT), down 5 cents to $24.68; Oracle ( ORCL), down 11 cents to $11.92; Intel ( INTC), up 7 cents $23.83; Sun Microsystems ( SUNW), down 6 cents to $4.12; Cisco Systems ( CSCO), down 3 cents to $17.70; Apple Computer ( AAPL), down 79 cents to $50.91; and JDSU ( JDSU), down 1 cent to $2.19.