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Small-cap stocks recovered from an early loss, emerging in the middle of the day along with the broader indices.

Among the biggest losers was

NutriSystem

(NTRI) - Get Nutrisystem, Inc. Report

, a Horsham, Pa., weight management and fitness company. Shares shed 29% to $16.92 on a Broadpoint Capital downgrade to neutral from buy. Tuesday after the close, the company issued disappointing '08 forecast, estimating revenue between $690 million and $710 million. Analysts polled by Thomson Financial are looking for revenue of $825.3 million.

Spectranetics

(SPNC)

also took a hit, down 26% to $9.45. For the fourth quarter, the Colorado Springs, Colo-based medical device company announced a loss of $89,000, or break-even on a per-share basis, vs. a loss of $952,000, or 3 cents a share, a year ago. The Street, however, was looking for EPS of 2 cents.

Lace Success, N.Y.-based

DealerTrack

TheStreet Recommends

(TRAK)

, meanwhile, lost 21% to $21.24 on fourth-quarter earnings. The provider of software, network and data solutions to the automotive retail industry posted income of $10.9 million, or a quarter a share, up from $9.3 million, or 23 cents a share, in the year-ago quarter. Excluding charges, the company guided for 2008 full-year EPS between $1.14 and $1.18, shy of analysts' forecast for $1.28.

On the winning side, semiconductor test solutions provider

LTX

( LTXX) posted a non-GAAP second-quarter 2008 loss of $3.2 million, or a nickel a share. Those results were flat with the year-ago quarter and in line with analysts' expectations. The company raised guidance for the third quarter, forecasting a profit of a penny to 3 cents a share. Analysts are expecting results on the low end of that forecast. Shares blasted off 30% to $3.40.

Finally, Chuck E. Cheese's operator

CEC Entertainment

(CEC)

jumped 21% to $26.39 on last night's quarterly report. The Irving, Texas, company announced a loss of $600,000, or 2 cents a share, vs. a profit of $12.1 million, or 36 cents a share, in 2006. However, for the first quarter, CEC predicts EPS to be between $1.10 and $1.15 a share, ahead of analysts' outlook of 98 cents.

More broadly, the Russell 2000 was up 0.4% to 705.13, and the S&P SmallCap 600 was up 0.4% to 372.19.