Friday's Early Winners & Losers

Quiksilver(ZQK Quote) plummeted after the close Thursday when the Huntington Beach, Calif.-based athletic apparel maker saw third-quarter earnings fall. The company posted earnings of $5.3 million, or 4 cents a share, down from $24.6 million, or 20 cents a share a year ago. Revenue increased 41% to $525.9 million. Analysts polled by Thomson First Call were looking for earnings of 4 cents a share and revenue of $486.7 million.

Citing softness in the golf market, the company revised its fourth-quarter guidance, and now expects earnings of 51 cents a share on revenue ranging between $745 million and $750 million. Wall Street is looking for earnings of 54 cents a share on $713 million in revenue. Looking to fiscal 2007, Quiksilver expects EPS from 88 cents to 92 cents, and revenue of about $2.5 billion. Analysts were looking for earnings of $1.01 a share on revenue of $2.5 billion. Shares were trading down $1.13, or 8.28%, to $12.51.

Smith & Wesson(SWHC Quote) advanced after the Springfield, Mass.-based gun maker posted an increase in first-quarter profit. The company reported income of $3.37 million, or 8 cents a share, up from $2.69 million, or 7 cents a share, a year ago. Revenue totaled $47.6 million, compared with $31.8 million a year ago.

Wall Street was looking for income of 7 cents share on revenue of $42 million. Looking ahead to the full year, the company said it expects earnings of 36 cents a share on $200 million in revenue. Analysts are looking for earnings of 34 cents a share and revenue of $190.6 million. Shares were climbing 52 cents, or 5.22%, to $10.48.