Shares of Coldwater Creek ( CWTR) were among the Nasdaq's losers Friday, sinking 15% after the apparel retailer slashed its fourth-quarter earnings projection.

The company now sees earnings of 16 cents to 17 cents a share, down from its prior guidance of 26 cents to 27 cents a share. Analysts polled by Thomson First Call project earnings of 28 cents a share.

"Although the strength of our first three quarters is still expected to deliver record performance in terms of full-year 2006 net sales and earnings, customer traffic was slower-than-expected across the country throughout the holiday season, which had a substantial negative impact on our fourth-quarter results," the retailer said. Shares were trading at $20, down $3.61.

Shares of Textron ( TXT) fell 3% after the industrial manufacturer disclosed a management shake-up at its Bell Helicopter unit amid cost overruns. Bell President and CEO Michael Redenbaugh resigned and will be replaced by Richard Millman, who had been president of Textron Systems. The move came as the company said it has incurred additional costs for its Bell Helicopter H-1 program.

Despite the costs, Textron said fourth-quarter earnings from continuing operations should top its original forecast of $1.35 to $1.45 a share due to a strong performance at its Cessna, Textron Systems and Textron Financial divisions. Shares of Textron were off $2.96 to $94.94.

Callaway Golf ( ELY) jumped 10% after the golf equipment company said 2006 earnings should be better than expected. The company anticipates adjusted earnings of 42 cents to 44 cents a share, including 8 cents a share in stock-option charges. Analysts project earnings of 39 cents a share on this basis. Callaway estimates revenue of $1.02 billion, compared with analysts' forecast of $993.3 million.

"We ended the year with positive momentum on several fronts," the company said. "Annual sales increased 2% with our core Callaway Golf and Odyssey brands increasing 9% compared to last year, the results of great products and an increasing presence in the marketplace." Shares were trading up $1.50 to $15.54.

Shares of Amcol International ( ACO) rose 8% after the mineral producer's fourth-quarter results topped Wall Street's expectation. The company earned $12 million, or 39 cents a share, on revenue of $155.9 million. Results benefited from a lower tax rate, which boosted earnings by 3 cents a share. Analysts expected earnings of 34 cents a share and revenue of $155.1 million. A year earlier, the company earned $8.4 million, or 27 cents a share, on revenue of $134.6 million. Shares were up $1.53 to $28.18.

ITC Holdings ( ITC) rose 7% after the company said that it is buying the transmission assets of Interstate Power and Light from Alliant Energy ( LNT). ITC will pay about $750 million in cash for the assets. Alliant said that it expects net proceeds of between $475 million and $525 million from the deal, which is expected to close in late 2007. Shares of ITC were up $2.63 to $40.91. Alliant shares rose 23 cents to $36.17.

Shares of Schlumberger ( SLB) rose 5% after the oilfield services company posted better-than-anticipated fourth-quarter results. The company earned $1.13 billion, or 92 cents a share, on revenue of $5.35 billion. Wall Street had forecast earnings of 85 cents a share and revenue of $5.14 billion. In the year-earlier period, Schlumberger earned $660.6 million, or 54 cents a share, on revenue of $4.02 billion. Shares were adding $2.75 to $60.65.

NYSE volume leaders included Motorola ( MOT), up 61 cents to $19.32; Ford ( F), up 9 cents to $8.27; General Electric ( GE), down 76 cents to $37.24; Nokia ( NOK), up 21 cents to $20.17; IBM ( IBM), down $3.40 to $96.05; Pfizer ( PFE), up 19 cents to $27.36; Citigroup ( C), down 32 cents to $54.07; and Sprint Nextel ( S), down 1 cent to $17.20.

Nasdaq volume leaders included Microsoft ( MSFT), down 15 cents to $30.85; Intel ( INTC), up 11 cents to $20.76; Cisco Systems ( CSCO), up 22 cents to $26.67; Apple Computer ( AAPL), down 40 cents to $88.67; Sirius Satellite Radio ( SIRI), down 10 cents to $3.95; Sun Microsystems ( SUNW), down 4 cents to $5.75; Applied Materials ( AMAT), up 12 cents to $18.37; Level 3 Communications ( LVLT), up 14 cents to $6.15; and Oracle ( ORCL), up 18 cents to $17.30.

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