True Religion Apparel

(TRLG)

were among the

Nasdaq's

losers Wednesday, plunging 25% after the jeans maker's third-quarter results and full-year forecast came in well below expectations.

For the third quarter, the company earned $8.2 million, or 35 cents a share, on revenue of $42.9 million. Excluding items, earnings were $8.7 million, or 37 cents a share. Analysts polled by Thomson First Call expected earnings of 44 cents a share and revenue of $47.7 million. During the year-earlier period, True Religion earned $7.7 million, or 33 cents a share, on revenue of $35 million.

Looking ahead, True Religion sees full-year earnings of $1.11 to $1.12 a share, compared with Wall Street's target of $1.27. The company anticipates revenue of $138 million to $140 million, below analysts' projection of $150 million. Shares were trading down $5.26 to $16.

Shares of

Bare Escentuals

( BARE) fell 3% following the cosmetics maker's first earnings report as a public company.

Bare Escentuals reported third-quarter net income of $8.9 million, or 12 cents a share, down from $9.4 million, or 13 cents a share, a year earlier. Sales rose to $97.9 million from $67.6 million a year earlier.

The company, which went public last month, forecast fourth-quarter earnings of 12 cents to 13 cents a share on year-over-year sales growth of 28% to 33%. For 2006, it expects earnings of 81 cents to 86 cents a share, with sales growth of 18% to 22%. Shares were down $1.02 to $28.89.

Shares of

Chicago Bridge & Iron

(CBI)

rose 7% after the industrial engineering company reported higher-than-expected third-quarter results and raised its guidance. The company earned $32.4 million, or 33 cents a share, on revenue of $861 million. Analysts expected earnings of 29 cents a share, with revenue of $697.2 million. A year earlier, the company reported a loss of $31.9 million, or 33 cents a share, on revenue of $555.3 million.

Chicago Bridge now sees full-year earnings of $1.06 to $1.11 a share and revenue of $3 billion to $3.2 billion. Previously, the company forecast earnings of 95 cents to $1 a share and revenue of $2.6 billion to $2.9 billion. Analysts expect 2006 earnings of $1.06 a share and a top line of $2.85 billion. Chicago Bridge shares were adding $1.73 to $26.73.

Shares of

Interpublic Group

(IPG) - Get Report

rose 4% after the advertising firm's third-quarter results beat Wall Street's expectations. The company posted a loss of $6.1 million, or a penny a share, on revenue of $1.45 billion. Analysts expected a loss of 14 cents a share and revenue of $1.41 billion. In last year's third quarter, Interpublic recorded a loss of $107.8 million, or 25 cents a share, on revenue of $1.44 billion. Shares recently changed hands at $11.08, up 41 cents.

Polo Ralph Lauren

(RL) - Get Report

rose 4% after the clothing retailer posted better-than-expected second-quarter results and raised its guidance. The company earned $137 million, or $1.28 a share, in the September quarter, up from $104.2 million, or 97 cents a share, a year earlier. Analysts expected earnings of $1.06 a share. Revenue rose to $1.17 billion from $1.03 billion, narrowly topping Wall Street's forecast of $1.16 billion.

For fiscal 2007, Polo Ralph Lauren now predicts earnings of $3.50 to $3.60 a share, up from an earlier view of $3.25 to $3.35 a share. Analysts project earnings of $3.36 a share. The company predicts full-year revenue growth that will be in the low- to midteens percentage. Shares were trading up $2.54 to $74.11.

The election results and Donald Rumsfeld's resignation as defense secretary also had an effect on several stocks. Uncertainty over certain Pentagon programs sent shares of

Lockheed Martin

(LMT) - Get Report

down $2.04, or 2.3%, to $85.45; while

Raytheon

(RTN) - Get Report

declined $1.08, or 2.2%, to $48.60.

Elsewhere, shares of stem cell companies were surging on hopes that greater Democratic power in Congress may provide support for their initiatives.

Stemcells

(STEM)

was up 41 cents, or 13%, to $3.48, and

Geron

(GERN) - Get Report

climbed 31 cents, or 3.7%, to $8.69.

NYSE

volume leaders included

Nortel

( NT), down 16 cents to $1.97;

Lucent Technologies

( LU), up 1 cents to $2.51;

Pfizer

(PFE) - Get Report

, down 48 cents to $26.57;

Qwest

(Q)

, down 26 cents to $8.58;

Motorola

( MOT), down 38 cents to $21.54; and

CVS

(CVS) - Get Report

, down 11 cents to $29.82.

Among the Nasdaq's movers were

Cisco Systems

(CSCO) - Get Report

, up 26 cents to $25.10;

Sirius Satellite Radio

(SIRI) - Get Report

, up 2 cents to $4.11;

Microsoft

(MSFT) - Get Report

, up 4 cents to $28.99;

Sun Microsystems

(SUNW) - Get Report

, down 4 cents to $5.43;

Intel

(INTC) - Get Report

, down 22 cents to $20.58;

Level 3 Communications

(LVLT)

, up 8 cents to $5.61;

Conexant

(CNXT) - Get Report

, up 9 cents to $2.07; and

Applied Materials

(AMAT) - Get Report

, down 6 cents to $17.74.