Updated from 11:30 a.m. EDT

Shares of

Kellwood

( KWD) were among the

NYSE's

losers Friday, falling 8.5% after the company warned that third-quarter earnings would fall well below the company's previous guidance and below Wall Street forecasts.

The clothing manufacturer now expects earnings of $1 a share, down from its previous guidance of $1.15, which it gave in August. A year ago, the company earned $1.13 a share. Analysts polled by Thomson First Call had been expecting earnings of $1.15 a share. Kellwood, which markets brands such as Phat Farm, Izod and Dockers, said that a combination of weak consumer demand for apparel, along with some of its brands not being on target in terms of fashion look and appeal, led to the revised outlook. Shares of Kellwood traded down $2.98 to $32.10.

Crane

(CR) - Get Report

rose 6% after the company posted third-quarter earnings results that topped expectations. Excluding items, the diversified manufacturer earned 56 cents a share on sales of $477.3 million. Analysts were expecting earnings of 52 cents a share on sales of $475.3 million. Looking ahead, Crane forecast fourth-quarter earnings of 49 cents to 54 cents a share. Analysts are expecting earnings of 57 cents a share on sales of $478.6 million. Shares traded up $1.68 to $29.93.

Shares of

Oakley

( OO) fell 1.5% after the company posted third-quarter earnings and sales that fell below expectations. The maker of sunglasses earned 17 cents a share on sales of $148.2 million. A year ago, Oakley earned 20 cents a share on sales of $145 million. Analysts were expecting third-quarter earnings of 22 cents a share on sales of $159.3 million.

The company said that competitive pressures and a weak sales environment in Europe and the South Pacific impacted results during the quarter. Looking ahead, Oakley reiterated its full-year earnings of 60 cents to 65 cents a share on sales of $575 million to $585 million, though Oakley now expects results to fall at the low end of both ranges. Analysts are expecting earnings of 59 cents a share on sales of $575.7 million. Shares traded down 17 cents to $11.43.

Champion Enterprises

( CHB) rose 8.8% after the maker of manufactured homes posted third-quarter results that came in above expectations. The company earned 12 cents a share on sales of $315.7 million. Analysts were expecting earnings of 10 cents a share on sales of $312.7 million. Champion said that manufacturing profitability is at its highest level since the third quarter of 1998. Shares of Champion traded up 84 cents to $10.40.

Shares of

Weyerhaeuser

(WY) - Get Report

fell 1.4% after the company posted third-quarter earnings and sales above expectations. Excluding items, the forest products company earned $1.62 a share on sales of $5.85 billion. Analysts were expecting earnings of $1.40 a share on sales of $5.68 billion. Shares traded down 84 cents to $60.30.

NYSE volume leaders included

Lucent

( LU), unchanged at $3.51;

American International Group

(AIG) - Get Report

, down $1.75 to $54.70;

Marsh & McLennan

(MMC) - Get Report

, up $1.94 to $26.79;

Pfizer

(PFE) - Get Report

, down 70 cents to $27.74; and

Advanced Micro Devices

(AMD) - Get Report

, down 39 cents to $15.56.

Nasdaq

volume leaders included

Microsoft

(MSFT) - Get Report

, down 82 cents to $27.74;

Intel

(INTC) - Get Report

, down 39 cents to $21.30;

Sirius Satellite Radio

(SIRI) - Get Report

, up 7 cents to $3.91;

Google

(GOOG) - Get Report

, up $23.05 to $172.43;

Cisco

(CSCO) - Get Report

, down 36 cents to $18.27; and

Applied Materials

(AMAT) - Get Report

, down 42 cents to $15.96.