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Shares of Armor Holdings (AH) were among the NYSE's losers Wednesday, sliding 11% after the military contractor cut its third-quarter earnings forecast.

The company now sees earnings of 55 cents to 65 cents a share, below its previous view of 75 cents to 80 cents a share. Analysts polled by Thomson First Call project earnings of 80 cents a share.

"The revised outlook primarily reflects the timing of revenue associated with ground vehicle supplemental armor programs for the M114 Up-Armored HMMWV, as well as certain soldier equipment programs, both of which are now expected to ship in the fourth quarter of fiscal 2006 and in fiscal 2007," Armor Holdings said. Shares were trading down $6.39 to $53.49.

Wal-Mart

(WMT) - Get Walmart Inc. Report

slipped 2% after the world's largest retailer lowered its September same-store sales growth estimate to 1.3%. On Saturday, the company reported a same-store sales gain of 1.8%, which was at the bottom half of its previous guidance of 1% to 3%. The company said it incorrectly coded 235 stores during the original calculation of its same-store sales. Total sales weren't affected. Shares were trading down $2.22 to $48.36.

Shares of

OM Group

(OMG)

rose 9.5% after the specialty chemicals company boosted its third-quarter earnings projection. The company estimates earnings of $2.85 to $2.95 a share, well above its previous outlook of $1.45 to $1.65 a share. Analysts, on average, project earnings of $1.86 a share. The company said that it benefited from a big rise in nickel prices during the quarter. OM Group plans to issue third-quarter results on Nov. 3. Shares were adding $4.24 to $48.78.

Hydril

( HYDL) slid 6% after company warned that third-quarter earnings would be below Wall Street's forecast. Hydril, a maker of connection and pressure-control products for the oil and gas industry, estimates earnings of 79 cents to 84 cents a share. Analysts, on average, forecast a profit of 98 cents a share.

The company blamed the shortfall on a bigger-than-expected premium connection inventory reduction by its U.S. distributors. "While end-user consumption of premium connections in the field has been fairly stable, concerns over natural gas and steel prices have led to inventory de-stocking, with distributors purchasing fewer premium connections than they are selling to end-users," Hydril said. Shares were trading down $3.02 to $49.66.

Shares of

WCI Communities

( WCI) fell 8% after the homebuilder warned that its third-quarter earnings would be "significantly below" its previous guidance of 52 cents a share. Analysts project earnings of 55 cents a share.

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"The company's writeoff of approximately $13 million of costs associated with land options which were terminated during the quarter is the largest factor behind our expected shortfall, costing the company about 18 cents per share," WCI said. "With the current slowdown in demand, we believe we own sufficient land to support our operations through the foreseeable future." Shares were trading down $1.33 to $15.82.

Shares of

Panera Bread

(PNRA)

and

P.F. Chang's

( PFCB) both jumped after the restaurant operators posted their September sales results. Panera's same-store sales climbed 5.9%. Total sales surged 30% to $205 million. P.F. Chang's said same-store sales fell 0.5%, but total sales increased 14% to $231 million. Shares of Panera were up $4.33, or 7%, to $62.28; while shares of P.F. Chang's rose $3.16, or 9%, to $38.76.

NYSE volume leaders Wednesday included

JP Morgan Chase

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, down 5 cents to $47.36; Wal-Mart;

Procter & Gamble

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, up 43 cents to $62.73;

AT&T

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, down 2 cents to $32.53;

Texas Instruments

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, down 37 cents to $31.88;

Lucent Technologies

( LU), down 1 cent to $2.30;

Advanced Micro Devices

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, up 51 cents to $24.64; and

Ford

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, up 7 cents to $8.30.

Nasdaq

volume leaders included

Sirius Satellite Radio

(SIRI) - Get Sirius XM Holdings, Inc. Report

, down 2 cents to $4.05;

Intel

(INTC) - Get Intel Corporation Report

, up 18 cents to $20.75;

Microsoft

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, up 38 cents to $27.75;

JDSU

(IMCL)

, down 1 cent to $2.18;

Oracle

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, up 3 cents to $17.93;

Nvidia

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, up $1.48 to $29.78;

Sun Microsystems

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, down 3 cents to $4.96; and

Cisco Systems

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, up 6 cents to $23.47.