Friday's Small-Cap Winners & Losers

Small-cap stocks delivered a lackluster showing Friday, moving mostly in concert with the rest of the slightly higher market as several names weighed things down with various disappointing news.

Pacer International (PACR Quote) was off 12.7% to $24.14 on a 41.7% decline in first-quarter income from last year. The freight company posted earnings of 21 cents a share, which was also short of the 30-cent per-share consensus estimate from Thomson Financial. South Korean chipmaker Pixelplus (PXPL Quote) tumbled 20.7% to 88 cents on widening losses and sinking revenue.

Among other small stocks pressured by disappointing first-quarter results, Marlin Business Services (MRLN Quote) fell 12.4% to $20.98 on a 2-cent-per-share profit miss. eDiets.com (DIET Quote) slid 10.9% to $3.35 after sales fell short, and Neurocrine Biosciences (NBIX Quote) dropped 9.9% to $11.80 on a wider-than-expected loss.

Insmed (INSM Quote), a Richmond, Va., biotech, sold some 20 million shares at a discounted price of 90 cents apiece, as well as five-year warrants for another 2 million at a $1.10-per-share exercise price. Shares fled down 12.9% at 88 cents.

In analyst calls, Matrix Research cut Internet-marketing firm 24/7 Real Media (TFSM Quote) to buy from strong buy on valuation, and Longbow lowered natural-soda maker Jones Soda (JSDA Quote) to neutral from buy on the heels of last night's disappointing earnings report. New York-based 24/7 lost 9.5% to $11.19; Seattle's Jones Soda was down 11.6% to $22.29.