Thursday's Winners & Losers: Advance Auto Parts

Shares of Advance Auto Parts(AAP Quote) were among the NYSE's losers Thursday, tumbling 16% after the auto parts retailer cut its second-quarter earnings forecast.

For the period ending July 15, the company now sees earnings of 57 cents to 59 cents a share, down from an earlier view of 65 cents to 68 cents. Analysts polled by Thomson First Call project earnings of 66 cents a share. Advance Auto Parts now sees same-store sales growth of 1% to 2%, down from an earlier forecast of 3% to 5%. "We believe that macro-economic factors, including higher energy prices, ever-higher interest rates, and higher required credit card payments are further reducing discretionary income for our lower- and middle-income customers and has unfavorably impacted customer traffic," the company said. Shares were trading down $5.86 to $30.04.

Manitowoc(MTW Quote) jumped 10% after the maker of heavy-lifting equipment said its second-quarter earnings would top analysts' forecast by 10 cents a share. Analysts project earnings of 70 cents a share, according to First Call. Manitowoc now sees full-year earnings of $2.50 to $2.60 a share, well ahead of its earlier view of $2.15 to $2.25 a share. Analysts expect earnings of $2.36 a share. "Our global leadership in the lifting industry continues to drive Manitowoc's strong financial performance," the company said. Manitowoc plans to issue second-quarter results on July 26. Shares were trading up $3.72 to $39.99.

Shares of Worthington Industries(WOR Quote) rose 7% after the metal processing company posted better-than-expected fiscal fourth-quarter earnings. The company reported earnings of $59.4 million, or 67 cents a share, for the quarter ended May 31, including a one-time pretax gain of $26.6 million, or 14 cents a share. Analysts expected earnings of 40 cents a share. Worthington reported revenue of $822 million, topping Wall Street's target of $771.9 million. In the year-earlier period, the company earned $40.8 million, or 46 cents a share, on revenue of $817 million. "Every business segment performed well, with our pressure cylinders segment leading the way by producing a record performance in both sales and earnings," the company said. Shares were up $1.25 to $19.85.