Friday's Winners & Losers: Georgia Gulf

Shares of Georgia Gulf(GGC Quote) were among the NYSE's losers Friday, plunging 16% after the chemicals company posted third-quarter results that missed expectations by a wide margin.

Georgia Gulf earned $22.7 million, or 66 cents a share, on revenue of $576.3 million. Analysts polled by Thomson First Call expected earnings of $1.06 a share and revenue of $612.3 million. During the year-earlier quarter, the company earned $27.9 million, or 82 cents a share, on revenue of $525.2 million.

"The decline in earnings is primarily a result of higher average raw materials costs, which more than offset higher overall sales prices and lower natural gas costs," the company said. Shares were trading down $4.32 to $22.60.

Shares of W-H Energy Services(WHQ Quote) rose 10% after the oil field services company posted better-than-expected third-quarter results and projected fourth-quarter earnings above expectations. For the third quarter, the company earned $31.5 million, or $1.02 a share, on revenue of $238.9 million. Analysts expected earnings of 89 cents a share and revenue of $225.9 million. During the year-earlier period, the company earned $12.8 million, or 44 cents a share, on revenue of $161.3 million.

W-H Energy forecast fourth-quarter earnings of $1 to $1.05 a share, ahead of the 94 cents that analysts project. Shares were adding $4.43 to $48.40.

Shares of Ingersoll-Rand(IR Quote) fell 4% after the industrial-equipment maker posted disappointing third-quarter results and gave a weaker-than-expected forecast for the fourth quarter. The company earned $243.8 million, or 76 cents a share, down from $254.2 million, or 75 cents a share, a year earlier. Excluding a tax charge, the company earned 85 cents a share, a penny below the mean analyst estimate. Revenue rose to $2.77 billion from $2.62 billion a year earlier, but fell short of Wall Street's forecast of $2.85 billion.

Looking ahead, Ingersoll-Rand sees fourth-quarter earnings from continuing operations of 74 cents to 79 cents a share. Analysts project earnings of 92 cents a share. Shares were trading down $1.64 to $37.26.