Kenneth Cole Productions ( KCP) rose as the maker of shoes, clothes and handbags beat Wall Street's quarterly expectations. The company earned $6.5 million, or 32 cents a share, compared with $7.7 million, or 38 cents a share, a year ago. The latest results benefited from a favorable tax-audit settlement that increased earnings by about 3 cents a share. Analysts polled by Thomson Financial were expecting earnings of 28 cents. Revenue climbed 13% over last year to $135.3 million. Kenneth Cole stuck to its earlier fiscal 2006 earnings guidance of $1.28 to $1.38 a share. The consensus estimate is $1.24. For the third quarter, the company expects revenue of $140 million to $145 million and earnings of 41 cents to 44 cents a share. Kenneth Cole rose $2.22, or 10%, to $24.43. Stoneridge ( SRI) soared after the maker of components and systems for cars and trucks reported a rise in second-quarter earnings and boosted its forecast. Sales increased 2.9% to $185.5 million, spurred mostly by strong demand in the company's commercial vehicle markets. Stoneridge earned $4.9 million, or 21 cents a share, compared with $2.8 million, or 12 cents a share, a year ago. Wall Street was expecting earnings of 11 cents. The company increased its full-year earnings outlook to 50 cents to 60 cents a share from its earlier guidance of 30 cents to 40 cents a share. Analysts are looking for earnings of 32 cents a share. Stoneridge jumped $1.46, or 17.2%, to $9.94. Genesco ( GCO) fell after the footwear retailer offered second-quarter guidance that's below analysts' expectations. The company believes sales will be $303 million to $304 million, compared with $275 million a year ago. Same-store sales to date are up between 1% and 2%. The company now expects to earn 20 cents to 21 cents for the second quarter, compared with 27 cents a share a year ago. This year's earnings are expected to reflect charges of 4 cents a share for stock-based compensation. Analysts were predicting a profit of 28 cents and sales of $308.9 million. Genesco plans to release its second-quarter earnings on Aug. 24. Shares dropped $1.60, or 5.8%, to $26.25.