Updated from 11:16 a.m. EDT
were among the
losers Friday, falling 12.7% after the auto-parts retailer posted an unexpected first-quarter loss.
The company reported a loss of $2.4 million, or 4 cents a share, on sales of $564.2 million. Analysts polled by Thomson First Call were expecting earnings of 21 cents a share on sales of $577 million. A year ago the company earned $15.1 million, or 25 cents a share, on sales of $566.1 million. Looking ahead, Pep Boys said its retail comparisons would continue to be challenging during the second quarter, though service comparisons will ease slightly. Analysts are expecting second-quarter earnings of 28 cents a share on sales of $612.5 million. Shares traded down $1.90 to $13.11.
(TTC - Get Report)
rose 9.9% after the company raised its second-quarter earnings outlook. The maker of outdoor maintenance products now expects earnings of $1.28 to $1.33 a share, up from previous guidance of $1.15 to $1.20 a share. Sales are expected to be between $625 million to $630 million. Analysts are expecting earnings of $1.18 a share on sales of $610.7 million. A year ago the company earned $52.2 million, or $1 a share, on sales of $548 million. Toro said second-quarter results benefited from stronger-than-expected shipments of professional products and from
, which it acquired early in the fiscal second quarter, to international sales. Toro will release its full second-quarter results on May 24. Shares traded up $4.15 to $45.95.
(HOFT - Get Report)
fell 9.2% after the furniture manufacturer cut its second-quarter outlook. The company now expects sales to be down 5% to 7%. Previously, the company said that sales would be "on par" with year-ago sales of $91.5 million. "Business at retail has weakened as the quarter unfolded," the company said. "Since our quick-ship program allows dealers to order as needed to meet demand, soft activity at retail is felt almost immediately in our shipment levels." Analysts are expecting earnings of 45 cents a share on sales of $94 million. Shares traded down $1.52 to $14.98.