Shares of Checkpoint Systems ( CKP) were among the NYSE's losers Friday, falling 6% after the maker of retail-surveillance systems posted better-than-expected fourth-quarter earnings but issued a first-quarter guidance that disappointed investors. The company earned $12.4 million, or 31 cents a share, on revenue of $193.4 million. Excluding items, the company earned $15.3 million, or 38 cents a share. Analysts polled by Thomson First Call expected earnings of 36 cents a share. During the year-earlier period, the company recorded a loss of $29.3 million, or 74 cents a share, on revenue of $189 million. Excluding items, the company earned $11.8 million, or 30 cents a share, during the year-earlier quarter. Looking ahead, Checkpoint sees full-year earnings of $1.40 to $1.50 a share, including stock-based compensation costs of 11 cents to 12 cents. The company predicts revenue will be flat to down 3%. Four analysts have an average projection for earnings of $1.44 a share. A single analyst, meanwhile, projects revenue of $790 million, or growth of about 10%. The company said first-quarter earnings would represent less than 10% of 2006 earnings, which would imply earnings of less than 14 cents to 15 cents a share, including stock-based compensation costs. Analysts project first-quarter earnings of 20 cents a share. Shares were down $1.69 to $26.90. Dillard's ( DDS) rose 3% after the department-store operator posted fourth-quarter results that topped forecasts. The company earned $98.5 million, or $1.24 a share, on sales of $2.38 billion. Excluding items, the company earned $81 million, or $1.02 a share. Analysts expected earnings of 87 cents a share and sales of $2.31 billion. A year earlier, the company earned $108.6 million, or $1.30 a share, on sales of $2.42 billion. Excluding items, the company earned $63.5 million, or 76 cents a share, a year earlier. Dillard's shares were up 72 cents to $25.02.