Shares of Charlotte Russe ( CHIC) were among the Nasdaq's winners Wednesday, climbing 10% after the young-women's clothing retailer lifted its estimates for its recently ended second quarter. The company now sees a profit of 1 cent to 3 cents a share, before items, compared with an earlier prediction that called for a loss of 3 cents to 7 cents a share. Analysts polled by Thomson First Call project a loss of 4 cents a share. The company said sales jumped about 35% in the quarter. Same-store sales, meanwhile, increased about 17%, which was above the company's forecast of a low double-digit increase. One disappointment in the quarter, however, came from the company's Rampage chain. "We are very pleased given the better than expected progress made at Charlotte Russe with comparable store sales growth and earnings for this quarter; however, on a very disappointing note, the Rampage chain has struggled due to missed trends and weakening overall performance," the company said. Shares were trading up $1.81 to $20.56. IHS ( IHS) jumped 15% after the energy services company posted better-than-expected first-quarter revenue. The company earned $13.5 million, or 24 cents a share, on revenue of $129.9 million. The earnings per share matched analysts' mean estimate, while revenue topped Wall Street's projection of $127 million. During the year-earlier quarter, the company earned $13.1 million, or 23 cents a share, on revenue of $117 million. "We are excited about our strong first quarter operating results. We accelerated our rate of revenue growth, expanded our operating margins, and delivered higher levels of profit," the company said. Looking ahead, IHS now sees 2006 organic revenue growth of 8% to 10%, up from an earlier forecast of 7% to 9%. Shares advanced $3.75 to $28.05. Shares of Capital Title Group ( CTGI) vaulted 28% after the title insurance company agreed to be acquired by LandAmerica Financial ( LFG) for about $251 million in cash and stock. The deal will consist of 80% in cash and 20% in stock, representing a purchase price of $8 a share. The acquisition is expected to add to LandAmerica's earnings by roughly 4% to 6% during 2007. Shares of Capital Title were trading up $1.66 to $7.68, while LandAmerica shares gained 44 cents to $67.52.
Paychex ( PAYX) fell 1% after the payroll-processing company posted third-quarter earnings that fell a penny short of expectations. For the quarter ended Feb. 28, the company earned $114.5 million, or 30 cents a share, up from $92.8 million, or 24 cents a share, a year earlier. Revenue rose to $430.6 million from $373.9 million. Analysts expected earnings of 31 cents a share and revenue of $425.9 million. For the full fiscal year, Paychex sees earnings growth of 24% to 26% and revenue growth of 14% to 16%. In fiscal 2005, the company earned $368.8 million, or 97 cents a share, on revenue of $1.45 billion. Shares were trading down 28 cents to $39.88. Shares of Kimco Realty ( KIM) and Boston Properties ( BXP) advanced after Standard & Poor's said it plans to add the real estate investment trusts to its S&P 500 index. Kimco will replace Jefferson-Pilot ( JP), which is being acquired by Lincoln National ( LNC). Boston Properties will replace Cinergy ( CIN), which is set to be bought by Duke Energy ( DUK). Kimco shares were up $2.77, or 7%, to $41.52, while Boston Properties shares rose $5.42, or 6%, to $96.05. NYSE volume leaders included Lucent Technologies ( LU), up 1 cent to $3.05; Waste Management ( WMI), up 14 cents to $34.39; Time Warner ( TWX), down 11 cents to $16.63; General Electric ( GE), up 28 cents to $33.88; Accenture ( ACN), down $2.36 to $28.54; EMC ( EMC), up 12 cents to $13.37; Advanced Micro Devices ( AMD), down 49 cents to $33.60; and Ford ( F), up 7 cents to $8.20. Nasdaq volume leaders included Sun Microsystems ( SUNW), up 32 cents to $5.35; Level 3 Communications ( LVLT), up 8 cents to $5.26; JDSU ( JDSU), up 4 cents to $4.15; Intel ( INTC), up 3 cents to $19.61; Apple Computer ( AAPL), down 26 cents to $58.45; Cisco ( CSCO), up 10 cents to $21.43; Microsoft ( MSFT), up 15 cents to $27.05; Oracle ( ORCL), up 1 cent to $13.60; Yahoo! ( YHOO), up 29 cents to $32.68; and Ciena ( CIEN), up 6 cents to $5.47.