Friday's Winners & Losers: Gap

Gap(GPS Quote) was among the NYSE's winners Friday, rising 1.7% after the clothing retailer posted better-than-expected first-quarter results.

The company posted earnings of $178 million, or 22 cents a share, on revenue of $3.56 billion. Excluding items, the company earned 25 cents a share. Analysts polled by Thomson Financial expected earnings of 24 cents a share on revenue of $3.48 billion. During the year-earlier quarter, the company earned $242 million, or 28 cents a share, on revenue of $3.44 billion.

Looking ahead, Gap continues to predict full-year earnings of 76 cents to 80 cents a share. Excluding items, the company sees earnings of 80 cents to 90 cents a share. Analysts project earnings of 87 cents a share. Shares were trading up 30 cents to $18.59.

Coca-Cola(KO Quote) rose 1.5% after the beverage giant agreed to acquire Energy Brands, known as Glaceau, for $4.1 billion in cash. "Glaceau has built a great business with high-quality growth, as well as a strong pipeline of innovative products and brands," Coca-Cola said. "We envision even faster growth for Glaceau as part of Coca-Cola's enhanced range of brands for North American customers and consumers." The deal is expected to close during the summer. Shares of Coca-Cola were trading up 73 cents to $51.97.

Nordson(NDSN Quote) jumped 11% after second-quarter earnings announced Thursday beat analysts' estimates. The company, which makes adhesive-, sealant- and coating-dispensing equipment for manufacturing, reported income of $21 million, or 61 cents a share, down from $21.9 million, or 64 cents a share, in the year-ago quarter. Analysts polled by Thomson Financial, however, expected earnings of 57 cents a share. Shares rose $5.41 Friday to $52.78.

Shares of Red Robin Gourmet Burgers(RRGB Quote) jumped 10% after the restaurant operator posted first-quarter earnings that were above expectations. The company earned $7.5 million, or 44 cents a share, on revenue of $212.3 million. Analysts expected earnings of 42 cents a share on revenue of $211.2 million. During the year-earlier quarter, the company earned $7.4 million, or 44 cents a share, on revenue of $170.5 million. Shares were trading up $3.90 to $43.42.

On the losing end, Westaff(WSTF Quote) slumped 7.1% after the temporary staffing services company reported a wider second-quarter loss after the bell Thursday. In the quarter ended April 14, the company lost $664,000, or 4 cents a share, compared to $266,000, or 2 cents a share, in the year-ago period. The stock was down 40 cents Friday to $5.20.