Today's Winners and Losers: Tim Hortons

Updated from 11:14 a.m.

Shares of Tim Hortons(THI Quote) were among the NYSE's winners Friday, climbing 31% on the doughnut chain's first day of trading as a public company.

The company, which was spun off by Wendy's International(WEN Quote), sold 29 million shares at $23.16 apiece, raising about $672 million. The company expected to sell shares between $22 and $24 a share, a range that was raised from $18 to $20 a share on Monday. After the spinoff, Wendy's will still own between 82% and 85% of Tim Hortons. Wendy's expects to spin off the rest of the Canadian chain by the end of the year. Tim Hortons shares recently were trading at $29.91, while Wendy's shares fell $2.03 or 3%, to $62.98.

Another IPO, Clayton Holdings (CLAY Quote), also lifted off. The company, a financial services outsourcer, sold 7.5 million shares priced at $17 apiece. The offering price came at the high end of the estimated range of $15 to $17. Clayton shares recently traded at $20.40, up 20%.

Shares of Finish Line(FINL Quote) fell 5% after the athletic-wear retailer posted mixed fourth-quarter results. The company earned $28.1 million, or 58 cents a share, on sales of $399.2 million. The results included an impairment charge of 3 cents a share. Analysts polled by Thomson First Call expected earnings of 59 cents a share on sales of $400.8 million. During the year-earlier period, the company earned $28.2 million, or 57 cents a share, on sales of $361.4 million. Shares were trading down 77 cents to $16.08.

BE Aerospace(BEAV Quote) rose 4% after the maker of aircraft-cabin components said it received contracts worth about $200 million. The company said certain follow-on programs, worth about $160 million, were awarded by a number of Asian, European and other international airlines for seating products, food and beverage preparation and storage equipment, and engineering integration products. The company expects to deliver most of the products during 2007 and 2008.

BE Aerospace said it also received contracts from two U.S. airlines. The contracts, which are worth about $40 million, call for the company to provide upgraded products and services for wide-body aircraft. Shares were trading up 89 cents to $25.12.