Thursday's Winners & Losers

Shares of Flow International(FLOW Quote) were among the Nasdaq's losers Thursday, slumping 18% after the maker of waterjet products delayed the release of its first-quarter earnings.

The company delayed the release because it needs more time to review its revenue recognition policy with regard to its waterjet cutting systems. "Flow was recently made aware of information which raises questions as to whether it is appropriate to recognize revenues for certain sales of waterjet cutting systems in the first quarter and needs additional time to review the transactions," the company said. Shares were trading down $2.37 to $11.23.

UTI Worldwide(UTIW Quote) jumped 13% after the logistics company posted in-line second-quarter earnings on better-than-expected revenue. The company earned $23.7 million, or 24 cents a share, on revenue of $890.1 million. Analysts expected earnings of 24 cents a share on revenue of $842.8 million. During the year-earlier period, the company earned $22.3 million, or 23 cents a share, on revenue of $686.2 million. Shares were trading up $2.97 to $25.55.

TRW Automotive Holdings(TRW Quote) fell 3% after the company cut its full-year earnings forecast. The company, citing recent production cuts at Ford(F Quote), now sees adjusted earnings of $1.95 to $2.20 a share, down from an earlier view of $2.05 to $2.35 a share. Analysts project earnings of $2.25 a share. TRW now sees revenue of $13 billion to $13.2 billion. Previously, the company predicted revenue of $13 billion to $13.3 billion. Analysts project revenue of $13.1 billion. Shares were trading down 77 cents to $23.20.