Today's Winners and Losers: Visteon

Shares of Timberland(TBL Quote) were among the NYSE's losers Tuesday, sliding 10% after the shoe company posted mixed first-quarter results and offered a cautious outlook.

The company earned $29.2 million, or 45 cents a share, on revenue of $349.8 million. Analysts polled by Thomson First Call expected earnings of 45 cents a share and revenue of $352.3 million. During the year-earlier quarter, the company earned $42.2 million, or 61 cents a share, on revenue of $354.2 million.

Timberland, citing new European Commission duties on footwear imported from China and Vietnam, said it now expects 2006 revenue growth to be "flat to modest," with a 20% to 25% profit decline from earnings of $2.35 a share last year. The company previously forecast mid-single-digit revenue growth and "moderate declines" in comparable EPS. For the second quarter, Timberland expects revenue to fall by the mid single-digits percentage and sees an operating loss of $20 million to $25 million. Shares were trading down $3.02 to $31.54.

Shares of fellow footwear maker Steven Madden(SHOO Quote) fell 5% after the company posted solid first-quarter results but offered a cautious second-half outlook. The company earned $10.9 million, or 74 cents a share, on revenue of $108.3 million. On April 20, shares zoomed about 29% after the company said that it would post first-quarter earnings of between 72 cents to 74 cents a share on sales of about $108 million, or sales growth of about 30%. During the year-earlier quarter, the company earned $962,000, or 7 cents a share, on revenue of $83.3 million.

Looking ahead, Steven Madden said that, based on sales and margin trends, its second-quarter outlook is "encouraging." "That said, the company remains somewhat cautious with regard to the second half of the year given the lower level of visibility regarding consumer demand for key fashion trends," the company said. As a result, Steven Madden sees full-year earnings of $2.40 to $2.50 a share on revenue growth of 15% to 18%. Steven Madden's previous forecast called for earnings of $1.69 to $1.73 a share, but that doesn't take into account a 3-for-2 stock split announced Tuesday. Shares were trading down $2.78 to $50.24.