Shares of Checkpoint Systems ( CKP) were among the NYSE's losers Thursday, plunging 23% after the maker retail-surveillance systems posted second-quarter earnings that missed expectations by a wide margin. For the period ended June 25, the company reported earnings from continuing operations of $5.2 million, or 13 cents a share, on revenue of $165 million. Excluding items, the company earned $7.1 million, or 18 cents a share. Analysts polled by Thomson First Call expected earnings of 35 cents a share, before items. During the year-earlier period, Checkpoint earned $9.5 million, or 25 cents a share, on revenue of $185.6 million. Excluding items, year-earlier earnings were $12 million, or 31 cents a share. Checkpoint lowered its 2006 earnings forecast to 95 cents to $1.05 a share, before items, from an earlier projection of $1.40 to $1.50 a share. Analysts project earnings of $1.37 a share. The company now expects revenue to be down 7% to 9%, compared with an earlier forecast of flat to down 3%. Shares recently were trading down $4.58 to $17.51. Shares of K-Swiss ( KSWS) jumped 20% after athletic-footwear maker's second-quarter earnings and third-quarter guidance topped forecasts. The company posted a second-quarter profit of $20.3 million, or 58 cents a share, up from $16.8 million, or 47 cents a share, a year earlier. Revenue declined to $124.2 million from $126.5 million. Analysts expected earnings of 46 cents a share and revenue of $130.5 million. K-Swiss forecast third-quarter earnings of 40 cents to 50 cents a share, with revenue of $119 million to $129 million. Analysts project earnings of 39 cents a share and revenue of $121.2 million. Shares were trading up $4.61 to $28.55. Shares of FreightCar America ( RAIL) climbed 13% after the maker of railroad freight cars posted second-quarter results that blew past expectations. The company earned $36.6 million, or $2.86 a share, on revenue of $365.4 million. Analysts anticipated earnings of $1.69 a share and revenue of $300.8 million. During the year-earlier period, the company earned $9.1 million, or 76 cents a share, on revenue of $230.7 million. Excluding certain items, the company earned $11.3 million, or 90 cents a share, during the year-earlier quarter. Shares were trading up $6.26 to $54.86.
Hanover Compressor ( HC) shares jumped 7% after the oil-services company swung to a higher-than-expected profit. Hanover posted earnings of $21.7 million, or 21 cents a share, compared with a year-earlier loss of $6.4 million, or 7 cents a share. Revenue rose to $405.7 million from $344.8 million. Analysts expected earnings of 5 cents a share and revenue of $366 million. "Stronger fabrication pricing, improvements in operational execution, lower cost of debt and the start-up of several rental projects were the catalysts for the improvement in our second quarter results," Hanover said. Shares were trading up $1.22 to $18.87. Steven Madden ( SHOO) rose 5% after the shoemaker posted better-than-expected second-quarter results. The company earned $12.7 million, or 58 cents a share, on revenue of $129.5 million. Analysts expected earnings of 40 cents a share on revenue of $113 million. During the year-earlier period, the company earned $5.3 million, or 26 cents a share, on revenue of $101 million. Looking ahead, Steve Madden forecast full-year earnings of $1.90 to $2 a share on revenue growth of 21% to 24%. Analysts predict earnings of $1.68 a share and revenue of $440.9 million. The company's shares were up $1.36 to $31.68. Fellow shoemaker Skechers ( SKX) posted weaker-than-expected second-quarter results, sending shares down 14%. The company's earnings rose to $17.6 million, or 40 cents a share, from $15.9 million, or 38 cents a share, a year earlier. Analysts, on average, expected a profit of 6 cents a share. Sales rose to $292.2 million from $263.9 million. For the third quarter, Skechers forecast earnings of 37 cents to 42 cents a share, with sales of $310 million to $320 million. Analysts target earnings of 39 cents a share and sales of $310 million. Shares were down $3.42 to $21.09. Shares of Advance America ( AEA) slumped 22% after the provider of cash-advance services posted disappointing second-quarter results. The company earned $12.9 million, or 16 cents a share, on revenue of $155.9 million. Analysts expected earnings of 21 cents a share on revenue of $158.4 million. A year earlier, Advance America earned $10.7 million, or 13 cents a share, on revenue of $150.3 million. "This was a challenging quarter, but one that also underscored the overall strength of our business model," the company said. "We experienced new regulatory changes, which caused us to alter our business model in Pennsylvania and Arkansas and reduced revenues for the second quarter." Shares were trading at $13.90, down $4. NYSE volume leaders included Lucent Technologies ( LU), up 1 cent to $2.10; Aetna ( AET), down $8 to $31.96; Dow Chemical ( DOW), down $3.59 to $33.69; Exxon Mobil ( XOM), up 25 cents to $66.85; Bristol-Myers Squibb ( BMY), down $1.59 to $24.40; Pfizer ( PFE), up 42 cents to $25.53; Halliburton ( HAL), up 31 cents to $32.31; AT&T ( T), up 50 cents to $30; and Ford ( F), up 14 cents to $6.89. Nasdaq volume leaders included Symantec ( SYMC), up $1.63 to $17.43; Microsoft ( MSFT), up 7 cents to $24.44; JDSU ( JDSU), down 7 cents to $2.18; Intel ( INTC), up 26 cents to $17.76; Sirius Satellite Radio ( SIRI), down 2 cents to $3.94; Sun Microsystems ( SUNW), up 4 cents to $4.31; and XM Satellite Radio ( XMSR), up 59 cents to $10.95.