Thursday's Winners & Losers: Borders

Shares of TreeHouse Foods(THS Quote) were among the NYSE's winners Thursday, climbing 16% after the food manufacturer posted better-than-expected third-quarter results and boosted its full-year earnings guidance.

The company earned $8.3 million, or 26 cents a share, on revenue of $251.7 million. Excluding items, TreeHouse earned 24 cents a share. Analysts polled by Thomson First Call expected earnings of 19 cents a share, before items, and revenue of $242.5 million. During the year-earlier quarter, the company earned $4.9 million, or 16 cents a share, on revenue of $171.9 million.

TreeHouse now sees full-year adjusted earnings of $1.05 to $1.08 a share, up from an earlier view of 86 cents to 91 cents. Analysts project earnings of 97 cents a share. The stock was up $3.95 to $28.54.

Shares of Borders Group (BGP Quote) rose 10% after hedge fund manager Bill Ackman said he bought 11% of the book retailer. Ackman, speaking at the Value Investing Congress in New York, said he believes Borders stock could trade near $36 a share over the next 18 months. Shares of Borders recently changed hands at $23.71, up $2.17.

Urban Outfitters(URBN Quote) jumped 13% after the retailer posted in-line third-quarter earnings. The company earned $34.5 million, or 21 cents a share, on revenue of $308.4 million. Results included a tax benefit of $4.4 million, or 3 cents a share. Excluding the benefit, the company would have earned 18 cents a share, matching analysts' target. During the year-earlier quarter, the company earned $37.2 million, or 22 cents a share, on revenue of $288.8 million. Shares were trading up $2.40 to $21.41.