Friday's Small-Cap Winners & Losers

Small-cap stocks were having a mostly bearish Friday along with the broad indices, and among the biggest losers was NexCen Brands (NEXC Quote).

Shares tanked 24.3% after third-quarter income, at 3 cents a share (on a non-GAAP basis) was just half of what Wall Street was expecting. Revenue totaled $11.3 million, or $2.1 million short of analysts' views, according to Thomson Financial. Shares of the New York-based company, which manages intellectual-property businesses, plunged $1.39 to $4.33.

Citadel Broadcasting (CDL Quote) was also among the losers after the Las Vegas-based radio broadcaster swung to a third-quarter loss of $447.8 million, or $1.71 a share, against a year-ago profit of 15 cents a share. Its stock recently slid $1.46, or 37.8%, to $2.40.

Optical subsystems purveyor Finisar (FNSR Quote), of Sunnyvale, Calif., cut its fiscal second-quarter revenue estimate to $101 million -- $5 million below the prior low end -- for a 6.7% decline vs. last year. The Street is calling for revenue to stay flat year over year. Shares fell 16.5% to $1.92.

And amusement park operator Six Flags (SIX Quote) saw its third-quarter continuing operations profit slide 31.5% from a year ago to 89 cents a share, or $84.2 million. Revenue was off slightly to $465.2 million, which misses the sole analyst's estimate of $488.3 million. Shares of the New York-based company were down 44 cents to $2.25.