DODGEVILLE, Wis. (AP) _ Lands' End Inc.'s first-quarter earnings fell 95 percent from a year ago, and the catalog giant warned of disappointing results for the first half of this year.

The Dodgeville, Wis.-based company reported Thursday that it earned $292,000, or 1 cent a share, in the quarter ended April 28, compared with $6.5 million, or 21 cents a share, a year ago.

The results were far below the 16 cents a share expected by Wall Street analysts. Its stock fell about 12 percent in early trading to $30.625, but bounced back somewhat by late morning, when it was down 93.75 cents at $33.31 1/4 on the New York Stock Exchange.

Sales for the quarter were $266 million, down from $289.6 million a year ago.

The company attributed the sales decline to elimination of its Willis & Geiger specialty catalog, which contributed about $11 million in liquidation sales to last year's first-quarter results.

In addition, Lands' End planned later mailings this year of two big catalogs, which will shift about $11 million in sales into the second quarter.

Other factors weighing on its earnings was weakness in its core catalog division, with sales down 8 percent from a year ago, and its international operations, which saw an 10 percent decline in sales.

The company also reduced the number of pages mailed by 5 percent during the quarter. Over the last year, Lands' End has been scaling back the number of catalogs it sends out and the size of each catalog.

Helping to offset some of the weakness in its other divisions was strong growth in its corporate sales and Internet businesses.

With the disappointing first-quarter earnings in hand, Lands' End made a downward revision in its expectations for sales and profits for the first half of the year and for all of fiscal 2001, which ends next January.