Shares of

Flow International

(FLOW) - Get Report

were among the

Nasdaq's

losers Thursday, slumping 18% after the maker of waterjet products delayed the release of its first-quarter earnings.

The company delayed the release because it needs more time to review its revenue recognition policy with regard to its waterjet cutting systems. "Flow was recently made aware of information which raises questions as to whether it is appropriate to recognize revenues for certain sales of waterjet cutting systems in the first quarter and needs additional time to review the transactions," the company said. Shares were trading down $2.37 to $11.23.

UTI Worldwide

(UTIW)

jumped 13% after the logistics company posted in-line second-quarter earnings on better-than-expected revenue. The company earned $23.7 million, or 24 cents a share, on revenue of $890.1 million. Analysts expected earnings of 24 cents a share on revenue of $842.8 million. During the year-earlier period, the company earned $22.3 million, or 23 cents a share, on revenue of $686.2 million. Shares were trading up $2.97 to $25.55.

TRW Automotive Holdings

(TRW)

fell 3% after the company cut its full-year earnings forecast. The company, citing recent production cuts at

Ford

(F) - Get Report

, now sees adjusted earnings of $1.95 to $2.20 a share, down from an earlier view of $2.05 to $2.35 a share. Analysts project earnings of $2.25 a share. TRW now sees revenue of $13 billion to $13.2 billion. Previously, the company predicted revenue of $13 billion to $13.3 billion. Analysts project revenue of $13.1 billion. Shares were trading down 77 cents to $23.20.

Shares of

Peabody Energy

(BTU) - Get Report

slid 7% after the coal producer said that full-year coal production would be at the low end of its previous forecast. The company now sees coal production of about 230 million tons for the year, at the low end of its previous forecast of 230 million to 240 million tons. Peabody blamed the cut on lower-than-expected coal shipments during the third quarter. Despite the shipment shortfall, the company continues to see third-quarter earnings of 35 cents to 55 cents a share. Analysts project earnings of 50 cents a share. "Peabody's management is keenly focused on solving these near-term supplier and transportation issues," it said. Shares were trading down $2.90 to $39.70.

NYSE

volume leaders included

Qwest

(Q)

, up 20 cents to $9.17;

Advanced Micro Devices

(AMD) - Get Report

, down 35 cents to $24.18;

General Electric

(GE) - Get Report

, up 6 cents to $34.01;

Pfizer

(PFE) - Get Report

, down 36 cents to $27.36;

Exxon Mobil

(XOM) - Get Report

, up 23 cents to $67.41;

Lucent Technologies

(LU)

, down 3 cents to $2.24;

Boston Scientific

(BSX) - Get Report

, down 62 cents to $16.65; and

Valero

(VLO) - Get Report

, down 49 cents to $52.53.

Nasdaq volume leaders included

Intel

(INTC) - Get Report

, down 19 cents to $19.12;

Cisco Systems

(CSCO) - Get Report

, down 42 cents to $21.27;

Sun Microsystems

(SUNW) - Get Report

, down 9 cents to $4.84;

ATI Technologies

(ATYT)

, down 13 cents to $21.27;

Oracle

(ORCL) - Get Report

, up 29 cents to $15.91;

Microsoft

(MSFT) - Get Report

, down 8 cents to $25.53; and

Apple Computer

(AAPL) - Get Report

, up $1.58 to $71.61.