Friday's Small-Cap Winners & Losers

Baldor Electric ( BEZ) rose after the motor maker beat Wall Street's second-quarter earnings expectations. The company posted earnings of $12.4 million, or 38 cents a share, up from $9.7 million, or 29 cents a share, a year ago. Sales grew 15% to $205.6 million. Analysts polled by Thomson Financial had expected earnings of 36 cents a share.

The company said in a news release that it believes business for the rest of the year "looks strong." While shipments were up 15% during the quarter, the company said, incoming order rates increased 20%. Shares gained $1.82, or 6.4%, to $30.22.

LHC Group ( LHCG), a provider of post-acute health care services, was climbing following word it priced a public offering of 4 million shares at $19.25 each. Of the total, the company is offering 1 million and stockholders are selling 3 million.

Shares of LHC were up $1.69, or 8.7%, to $21.10.

Chemed ( CHE) plummeted after the company, which provides hospice programs and also owns the plumbing-services business Roto-Rooter, said second-quarter earnings would miss expectations. Chemed also lowered its full-year guidance.

The company expects second-quarter earnings of 48 cents a share, with revenue up 10% to $250 million. Wall Street is looking for earnings of 54 cents a share on $255 million in revenue. Chemed cut its guidance for full-year earnings from continuing operations to a range of $2.18 to $2.25 a share, excluding one-time items. The company had earlier forecast earnings of $2.20 to $2.35 a share. Analysts are looking for $2.27. Shares of Chemed sank $9.64, or 19.1%, to $40.86.

eResearch Technology ( ERES) stumbled after the clinical trial-consulting company lowered its second-quarter guidance. The company expects revenue of about $22.5 million, or 10% below the low end of its previous forecast of $25 million to $27 million. The consensus analyst target is $25.7 million.

eResearch is reassessing its 2006 guidance and plans to provide an update in connection with the second-quarter conference call. eResearch is scheduled to report second-quarter results Aug. 3. Shares fell 57 cents, or 6.7%, to $7.98.

Rocky Brands ( RCKY) slid after the footwear and apparel maker said it expects to post a loss for the second quarter. Rocky Brands projected a second-quarter loss of 5 cents to 10 cents a share, sharply worse than analysts' estimate of 45 cents a share. A year earlier, the company recorded earnings of 50 cents a share.

The company estimated sales of about $57 million, down from $65.5 million a year ago. Rocky Brands is scheduled to report its second-quarter results July 27. Shares fell $9.47, or 42.5%, to $12.82.

More from Investing

10 Stocks Goldman Sachs Thinks Will Crush the S&P 500's Performance in 2019

10 Stocks Goldman Sachs Thinks Will Crush the S&P 500's Performance in 2019

Dropbox Is the New Defensive Stock to Own With the Market Falling Apart

Dropbox Is the New Defensive Stock to Own With the Market Falling Apart

3 Warning Signs the Stock Market Could Collapse

3 Warning Signs the Stock Market Could Collapse

This Should Be Your Retirement Savings Plan When the Stock Market Crashes

This Should Be Your Retirement Savings Plan When the Stock Market Crashes

TheStreet's Top Columnists Take Your Questions on What Stocks to Buy

TheStreet's Top Columnists Take Your Questions on What Stocks to Buy