Shares of Elizabeth Arden ( RDEN) were among Nasdaq's losers Thursday, falling 13% after the cosmetics and beauty products company posted solid first-quarter earnings but lowered its second-quarter forecasts. For the first quarter ended Sept. 30, the company earned $895,000, or 3 cents a share, on sales of $227.4 million. Excluding stock-based compensation costs, Elizabeth Arden would have earned $1.9 million, or 6 cents a share. Analysts polled by Thomson First Call expected earnings of 3 cents a share and sales of $225.8 million. Year-earlier earnings were $4.8 million, or 16 cents a share, on sales of $212.2 million. Elizabeth Arden now sees second-quarter earnings of $1.06 to $1.11 a share, or $1.09 to $1.14 a share excluding stock compensation costs. Previously, the company forecast earnings, excluding stock-based compensation expense, of $1.25 to $1.28 a share. Elizabeth Arden also lowered its sales projection to $340 million to $350 million from a range of $360 million to $370 million. The company attributed the reduced guidance partly to projections for a weaker holiday selling season in Western Europe than originally planned. Analysts had forecast earnings of $1.25 a share and sales of $364.9 million for the December quarter. The company's shares were trading down $2.81 to $19.29. LoJack ( LOJN) rose 15% after the maker of stolen-vehicle recovery systems posted third-quarter results that topped forecasts. The company's earnings rose to $5.8 million, or 30 cents a share, from $3.3 million, or 21 cents a share, a year earlier. Analysts expected earnings of 21 cents a share for the latest quarter. Sales, meanwhile, jumped to $52.3 million from $38 million last year. Looking ahead, LoJack predicted that full-year earnings, fueled by strong growth in its core domestic and international businesses, will grow by about 50% to 60% over 2004's results. Shares were trading up $3.04 to $23.72.
Shares of Peet's Coffee slumped 18% after the coffee retailer posted third-quarter earnings that matched projection but offered a 2006 earnings forecast that fell short of expectations. The company earned $2.2 million, or 15 cents share, on sales of $42.9 million, for the third quarter. Analysts expected earnings of 15 cents a share on sales of about $41.5 million. The company's year-earlier earnings totaled $2 million, or 14 cents a share, on sales of $34.5 million. For the fourth quarter, Peet's sees earnings of 24 cents a share, a penny below Wall Street forecasts. The company sees sales growth of 12% to 13%, implying sales of about $51 million. Analysts project sales of $51.1 million. For all of 2005, the company continues to expect earnings of 74 cents a share. The company sees sales of $175 million, slightly above its previous sales forecast of $173 million. For 2006, Peet's expects earnings of 80 cents to 83 cents a share, well below the 90 cents that analysts had been expecting. Sales growth is expected to be between 20% and 23%, suggesting sales of $210 million to $215 million, based on Peet's 2005 projection. Analysts' average forecast calls for 2006 sales of $209.9 million. Shares were trading down $5.96 to $26.86. Imax ( IMAX - Get Report) fell 7% after the projector and sound systems company reported lower-than-expected third-quarter results. The company earned $2.3 million, or 5 cents a share, on sales of $33.4 million. Earnings from continuing operations were $1.9 million, or 4 cents a share. Analysts expected earnings of 7 cents a share and sales of $35.9 million. For the year-ago third quarter, earnings were $1.8 million, or 5 cents a share, with sales of $31.8 million. Earnings from continuing operations a year ago came in at $1.6 million, or 4 cents a share. Imax shares fell 65 cents to $8.34.
Shares of Weight Watchers ( WTW) dropped 9% after the company posted mixed third-quarter results and narrowed its full-year guidance to a range below analysts' average forecast. For the third quarter, the company earnings fell to $49.5 million, or 47 cents a share, from $50.2 million, or 47 cents a share, a year earlier. Last year's results included a $5.5 million tax benefit. Weight Watchers' sales rose to $257.5 million from $245.9 million. Analysts expected earnings of 47 cents a share on sales of about $277 million. Looking ahead, Weight Watchers now expects full-year earnings of $1.91 to $1.95 a share. Previously, the company projected earnings between $1.91 and $1.98 a share. Analysts, on average, expected per-share earnings of $1.96. The company's shares recently were down $4.85 to $46.61. NYSE volume leaders included Pfizer ( PFE), up 39 cents to $21.99; Qwest ( Q), up 7 cents to $4.61; Merck ( MRK - Get Report), up $1.54 to $29.95; Lucent Technologies , up 2 cents to $2.72; Chesapeake Energy ( CHK), up 49 cents to $30.54; Nokia ( NOK), up 20 cents to $17.39; Micron ( MU), up 58 cents to $13.85; and Time Warner ( TWX), down 16 cents to $17.74. Nasdaq volume leaders included Oracle ( ORCL), down 33 cents to $12.15; JDSU ( JDSU), up 11 cents to $2.33; Intel ( INTC), up 61 cents $23.90; Microsoft ( MSFT), unchanged at $26.46; Sun Microsystems ( SUNW), up 7 cents to $3.80; Sirius Satellite Radio ( SIRI - Get Report), up 10 cents to $6.99; Abgenix , up $3.54 to $12.91; Qualcomm ( QCOM), up $3.19 to $43.57; Cisco Systems ( CSCO), down 4 cents to $17.59; Symantec ( SYMC), down 77 cents to $18.60; and Apple Computer ( AAPL), up $1.97 to $61.92.