Thursday's Small-Cap Winners & Losers

Among the many tumbling small-cap stocks Thursday was G-III Apparel (GIII Quote), which lost 15.7% to $17.46 on disappointing guidance.

The New York outerwear maker reported a narrower-than-expected loss of 42 cents a share for the quarter ended April 30, but it also predicted a wider-than-expected loss in the next quarter -- between 19 and 24 cents a share, or at least 7 cents under Thomson Financial's analyst estimates. Full-year earnings should also come in lower than anticipated.

Meritage Homes (MTH Quote) was likewise sliding on soft guidance. The Scottsdale, Ariz., home-construction company said preliminary sales for the first two months of the second quarter plunged about 21% from a year ago. Cancellation rates on gross orders climbed by 9 percentage points year over year to 36%. Shares sank 5% to $31.46.

Meanwhile, Atlanta-based Spectrum Brands (SPC Quote), maker of batteries and other products, fell 5.5% to $7.57 on word its chief financial officer, Randall Steward, has resigned. Anthony Genito will replace him.

Spectrum, along with Meritage, helped to pull down both the Russell 2000 and the S&P SmallCap 600. Each was recently off at least 1.8% to underperform the major indices.

On the flip side, Viewpoint (VWPT Quote) jumped 13.2% to $1.20 after the New York-based Internet marketing company regained compliance with the Nasdaq, having maintained a minimum share price of $1 for at least 10 consecutive business days.