Thursday's Small-Cap Winners & Losers

Small-cap stocks got walloped along with the broader market Thursday as mortgage concerns sent several stocks deep into the red. The Russell 2000 fell 3.1% to 662.78, and the S&P SmallCap 600 dropped 2.5% to 354.01.

Women's apparel retailer Coldwater Creek (CWTR Quote) fell 20% to $4.04. Wednesday after the close, the Sandpoint, Idaho-based firm swung to a fourth-quarter loss of $17 million, or 19 cents a share, from a profit of $15.9 million, or 17 cents a share, in 2006. The loss was in line with analysts' expectations, per Thomson Financial, but Coldwater Creek guided for a first-quarter loss of 14 cents to 17 cents a share, below the Street's view of a 4-cent loss. This morning, Roth Capital downgraded the stock to hold from buy.

Meanwhile, Union Drilling (UDRL Quote), a Fort Worth, Texas-based contract land drilling services company, stumbled 27% to $15.32. For the fourth quarter, earnings decreased to $3.9 million, or 18 cents a share, from $8.6 million, or 40 cents a share, in the year-ago quarter. ...