Updated from 1:40 p.m. EDT
Along with the broader market, small-cap stocks appeared largely unfazed by a weak employment number, posting modest if hesitant gains Friday.
Santa Ana, Calif.-based postsecondary educator Corinthian College (COCO) saw shares rise 18.2% to $9.30 after Congress introduced a bill to expand government financial aid programs for students.
Bassett Furniture (BSET - Get Report), a Basset, Va., maker of furniture, climbed 5.2% to $13.12. The company announced a special one-time dividend of $1.25 a share, the record date for which should be set during the second quarter ending May 31.Shares of A. Schulman (SHLM - Get Report) jumped 1.9% to $21.48 on fiscal second-quarter 2008 earnings. Excluding items, the company posted income of $7.9 million, or 29 cents a share, up from $3.1 million, or 12 cents a share, a year ago. Analysts polled by Thomson Financial were expecting 19 cents a share. On the losing side, DemandTec (DMAN), a maker of consumer demand management software, fell 23% to $8.41 after announcing in-line fourth-quarter fiscal 2008 results. The company earned non-GAAP income of $1.3 million, or 4 cents a share, vs. a loss of $1.1 million, or 17 cents a share, a year ago. The Street was looking for EPS of 4 cents. Curacao's Orthofix (OFIX - Get Report) tumbled 24.3% to $30.21 after the maker of orthopedic medical equipment announced the resignation of CFO Timothy Adams. Executive Vice President Tom Hein will serve as CFO in the interim period. The company also reaffirmed first-quarter guidance of $120 million to $124 million. The top end of that range is slightly behind Wall Street's expectations of $124.7 million. Shares of AZZ (AZZ - Get Report) sagged 16.9% to $31.99. The Fort Worth, Texas, maker of electrical equipment for power generation, transmission and distribution announced fourth-quarter fiscal 2008 earnings of $7.3 million, or 60 cents a share, vs. $7 million, or 58 cents a share, in 2007. The EPS beat two analysts' average estimate by a penny, but revenue fell 4% year over year to $76.6 million, short of one analyst's view of $89 million. Finally, San Francisco networking and communications company Riverbed Technology (RVBD - Get Report) slipped 12.1% to $12.86. Its first-quarter revenue forecast of $72 million to $73 million fell short of analysts' prediction of $80.9 million. The company also forecast non-GAAP EPS between 8 cents and 10 cents, shy of the Street's view of 12 cents. More broadly, the Russell 2000 was recently up .01% at 713.82 and the S&P SmallCap 600 rose 0.1% to 378.15.