Lands' End Inc said earnings for its fiscal year ending January 26, 2001, will be "flat to somewhat below" last year's, revising downward an earlier guidance that earnings would be "somewhat positive." But the statement had little effect on the retail catalogue company's stock price, as its shares rose $2.14, or 8.6 per cent, to $26.95 at 4 pm in New York Stock Exchange composite trading.