Shares of Brady ( BRC) were among the NYSE's winners Wednesday, jumping 11% after the label and sign maker posted better-than-expected third-quarter results and lifted its fiscal 2006 guidance. For the quarter ended April 30, the company earned $30.2 million, or 61 cents a share, on revenue of $266.5 million. Analysts polled by Thomson First Call expected earnings of 54 cents a share and revenue of $257.7 million. During the year-earlier quarter, Brady earned $25 million, or 50 cents a share, on revenue of $209.8 million. "We are particularly pleased to see healthy organic growth in all regions," the company said. "Both the Americas and Europe had solid core growth of 6% in the third quarter, while the Asia/Pacific region continues to experience more rapid growth with core business up 49% in the third quarter." Looking ahead, Brady now sees fiscal 2006 earnings of $103 million to $104 million, or $2.06 to $2.08 a share, up from earlier guidance of $100 million to $103 million, or $2 to $2.06 a share. The company raised its revenue projection to $985 million to $995 million from an earlier view of $980 million to $990 million. Analysts forecast earnings of $2.05 a share and revenue of $982.1 million. Shares were trading up $4.09 to $41.99. Charming Shoppes ( CHRS) slumped 11% after the clothing retailer posted mixed first-quarter results and warned that second-quarter earnings would be below Wall Street's expectation. The company earned $32.1 million, or 24 cents a share, up from $30 million, or 23 cents a share, a year earlier. Revenue increased to $734.9 million from $603.4 million, as same-store retail sales rose 1%. The earnings per share matched analysts' mean estimate, but revenue was shy of analysts' expectation of $738.9 million. Charming Shoppes forecast second-quarter earnings of 24 cents to 25 cents a share, below analysts' estimate of 28 cents. The company targets revenue of $760 million to $765 million, bracketing analysts' average forecast of $763.4 million. Shares were down $1.47 to $11.88.
Shares of Copa Holdings ( CPA) rose 5% after the airline passenger and cargo-service company posted first-quarter results that topped forecasts. The company earned $32.2 million, or 75 cents a share, on operating revenue of $191.7 million. Analysts expected earnings of 52 cents a share, with revenue of $184.4 million. Last year, Copa earned $22.6 million, or 53 cents a share, on revenue of $113.6 million in the first quarter. Shares were trading up $1 to $22.35. Talbots ( TLB) fell 4% after the clothing retailer posted mixed first-quarter results and warned that second-quarter earnings would be well below expectations. For the first quarter, the company earned $27.4 million, or 51 cents a share, on revenue of $453 million. Retail same-store sales rose 0.9%. Analysts expected earnings of 51 cents a share and higher revenue of $455.8 million. During the year-earlier quarter, the company earned $34.5 million, or 63 cents a share, on revenue of $446.5 million. Talbots projects second-quarter adjusted profit, which excludes one-time items, of 5 cents to 15 cents a share. Analysts project earnings of 35 cents a share. "This range of earnings per share reflects the impact of J. Jill's weak second-quarter sales, which will result in a significant loss in the period and represents a continuation of their first-quarter trends," Talbots said. The company also said that second-quarter results would be hurt by Talbots' brand markdowns. Shares were trading down $1 to $22.96. Shares of Too ( TOO) rose 1% after the retailer turned in better-than-expected first-quarter results and issued second-quarter earnings guidance that surpassed forecasts. The company earned $11.7 million, or 35 cents a share, up from $7.4 million, or 21 cents a share, a year earlier. Analysts expected earnings of 30 cents a share. Too's revenue rose to $195.1 million from $164.4 million, above analysts' projection of $191.2 million. Same-store sales increased 10%.
Looking ahead, Too forecast second-quarter earnings of 16 cents to 18 cents a share, ahead of the 14 cents a share that analysts project. For the full year, the company sees earnings of $2 to $2.10 a share, above Wall Street's expectation of $1.88 a share. Shares were trading at $38.45, up 55 cents. NYSE volume leaders included Time Warner ( TWX), unchanged at $17.62; Hewlett-Packard ( HPQ), up $1.28 to $32.39; Home Depot ( HD), down 66 cents to $37.79; Lucent Technologies ( LU), down 3 cents to $2.60; Carnival ( CCL), down $1.20 to $41.15; Nortel Networks ( NT), down 2 cents to $2.45; and General Electric ( GE), down 2 cents to $34.77. Nasdaq volume leaders included Sun Microsystems ( SUNW), up 8 cents to $4.61; Sirius Satellite Radio ( SIRI), down 10 cents to $4.12; Applied Materials ( AMAT), down 71 cents to $17.14; Intel ( INTC), down 18 cents to $18.88; Microsoft ( MSFT), down 6 cents to $22.95; Cisco Systems ( CSCO), down 11 cents to $20.10; and Oracle ( ORCL), down 21 cents to $13.98.