Updated from 11:41 a.m. EDT

Coldwater Creek ( CWTR) was among the Nasdaq's winners Wednesday, as shares jumped 16.6% after the clothing retailer posted better-than-expected first-quarter results.

For the period ended May 5, the company earned $12 million, or 13 cents a share, on revenue of $281.3 million. Analysts polled by Thomson Financial expected earnings of 8 cents a share on revenue of $264.5 million. "The net sales and earnings performance for the first quarter was a result of solid response to our spring merchandise in combination with effective cost-control measures," the company said. During the year-earlier quarter, the company earned $11.6 million, or 12 cents a share, on revenue of $215.3 million. Shares closed up $3.47 to $24.37.

Phillips-Van Heusen ( PVH - Get Report) rose 7.6% after the clothing company posted first-quarter results that topped Wall Street's forecast. The company earned $53 million, or 92 cents a share, on revenue of $591.9 million. Analysts expected earnings of 86 cents a share on revenue of $580.3 million. During the year-earlier period, the company earned $48.7 million, or 87 cents a share, on revenue of $506.4 million.

Looking ahead, Phillips-Van Heusen now sees 2007 earnings of $3.06 to $3.10 a share, up from an earlier forecast of $3 to $3.06 a share. The company predicts revenue of about $2.41 billion. Analysts project earnings of earnings of $3.07 a share on revenue of $2.4 billion. Shares were up $4.27 to $60.59.

Shares of NiSource ( NI - Get Report) fell 7.8% after the natural gas distributor warned that 2007 earnings would be hurt by higher operating expenses and depreciation. The company sees earnings from continuing operations of $1.36 a share, below the $1.48 a share that analysts project. "This outlook acknowledges that, until our stream of gas transmission and storage expansion projects begin to be fully operational and revenue producing, and our wave of utility rate cases is completed, we have few near-term catalysts to lift operating earnings over the next couple years," the company said. Shares were down $1.87 to $22.07.

Smithfield Foods ( SFD) fell 2% after the pork producer warned that fourth-quarter earnings would be lower than expected. The company sees earnings from continuing operations of 30 cents to 35 cents a share. Analysts, meanwhile, project earnings of 44 cents a share. The company was hurt by increased costs in its hog production business and by losses in its cattle feeding operation. Shares were down 64 cents to $32.11.

Shares of Interactive Brokers Group ( IBKR - Get Report) fell 6% after the market maker and broker posted lower first-quarter pro forma earnings. The company, which went public less than a month ago, earned $12.4 million, or 31 cents a share, on revenue of $330.8 million. During the year-earlier quarter, the company earned $13.8 million, or 34 cents a share, on revenue of $328.6 million. Shares were down $1.64 to $25.91.