Tuesday's Small-Cap Winners & Losers

Small-cap stocks showed mixed results Tuesday, reflecting hesitation in the broader indices.

Among the day's biggest losers was Tuesday Morning(TUES Quote). Shares plummeted 29% to $4.66 after the Dallas seller of home furnishings lowered guidance for its fiscal 2008 ending June 30. The company now expects sales to be between $943 million and $955 million and projects earnings per share of 58 cents to 65 cents. This falls short of the Street's mean 2008 forecast for EPS of 76 cents, per Thomson Financial.

Also crying for its mommy was BabyUniverse (KIDS Quote). The Jupiter, Fla.-based operator of such Web sites as BabyUniverse.com, DreamtimeBaby.com and PoshTots.com got spanked with a 34% drop to $5.14 a share after reporting third-quarter earnings. The company posted a net loss of $5.6 million, or 31 cents a share, vs. a loss of $6 million, or 40 cents a share, in 2006. One analyst covering BabyUniverse expected a loss of 9 cents a share.

Electricity and natural gas vendor Commerce Energy (EGR Quote), meanwhile, got steamrolled after reporting disappointing fiscal first-quarter results. The Costa Mesa, Calif.-based company swung to a loss of $1.1 million, or 4 cents a share, from a profit of $384,000, or a penny a share, in 2007. Shares fell 23% to $1.32.

On the winning side, shares of Emcore (EMKR Quote) took off 15% to $13.43 after the Albuquerque producer of semiconductor-based products announced it would buy the telecom-related segment of Intel's (INTC Quote) Optical Platform Division for $85 million. Intel shares were up 1.2% at $26.04.