Shares Jump 17 Percent at Lands' End on Earnings Report.

Byline: Doris Hajewski

Mar. 8--Lands' End Inc. shares jumped 17 percent after the Dodgeville catalog retailer announced year-end earnings that beat Wall Street's expectations by a penny.

Never mind that the $1.14 in per-share earnings for the year ended Jan. 26 was 27 percent lower than last year's $1.56, or that analysts had to reduce their expectations a few times to get to the $1.13 that they were anticipating.

Wall Street was looking at the positives in the announcement, and Lands' End looked pretty good compared to the rest of the catalog industry.

"It's a little bit of the mosaic theory," said Ellen Schlossberg, an analyst with William Blair in Chicago, adding …