Movers: Freddie Mac, Wells Fargo, AMR, Overstock.com

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From Standard & Poor's Equity Research

It expects fourth quarter sales to be in range of $1.31-$1.35 billion and EPS to be in range of $0.99-$1.06; now forecast fiscal year 2008 sales to be in range of $4.25-$4.29 billion and EPS in range of $2.06-$2.13.

Pep Boys-Manny, Moe & Jack (PBY) posts $0.42 third quarter loss per share, vs. $0.20 loss a year ago, on 2.9% lower same store sales. It says it expects continued pressure on its retail business, resulting in reduced sales, gross profit margins as the company sells down its non-core merchandise through the fourth quarter and into the second half of 2008. It says costs associated with initial steps in its long-term strategic plan will impact both the third and fourth quarter.

Sunpower (SPWR) announces that Morgan Stanley has agreed to provide the company with up to $190 million in financing for future commercial and public solar electric power installations.

Central Garden & Pet (CENT) posts $0.02 fourth quarrter loss per share, vs. $0.08 EPS a year ago, on 5% lower sales.

Bidz.com (BIDZ) falls after Roth Capital maintains a buy recommendation on BIDZ, but cautions investors that the stock will likely remain under additional pressure with the release of second part of report from Citron Research today. On Monday, Citron said "It is the opinion of Citron Research that Bidz.com's business model is not sustainable. The large related party transactions, and the background of the individuals involved certainly provide plenty of reason for doubt."

Dress Barn (DBRN) posts $0.30 first quarter EPS, vs. $0.40 a year ago, on 3% lower same-store sales, 1.5% higher total sales. It reaffirms its recently announced guidance of $1.25 to $1.35 for fiscal year 2008.

Brown Shoe (BWS) posts $0.61 third quarter EPS (GAAP), vs. $0.62 a year ago, on 4.6% sales drop. It sees fourth quarter sales of $595-$605 million vs. $693.3 million last year, $0.36-$0.41 EPS vs. $0.31 last year. It sees fiscal year 2008 sales of $2.38-$2.39 billion, EPS of $1.40-$1.45 (both EPS forecasts including costs, charges).

Panera Bread (PNRA) authorizes repurchase of up to $75 million of its Class A common stock.

Herman Miller (MLHR) raises second quarter EPS guidance to $0.56-$0.63 (excluding charge) on sales near or slightly above the top-end of previous guidance of $475-$500 million. Raises long-term operating income target to 13% of sales.

QLT Inc. (QLTI) says its Board of Directors has formed a special committee to review all strategic alternatives available to the company. Committee has been charged with responsibility for exploring alternative ways to maximize shareholder value, including transactions involving the sale of all or part of the assets of the company.