After opening higher, small-cap stocks mainly hovered near the baseline along with the broader market Friday.
(CLUB - Get Report)
, a fitness club owner based in New York, ripped 30% higher to $9.70. The company announced first-quarter income of $4.8 million, or 18 cents a share, vs. a loss of $3.8 million, or 15 cents a share, a year ago. Analysts polled by Thomson Financial were expecting 15 cents a share. Town Sports also announced plans to buy back up to $25 million in its stock.
(TSYS - Get Report)
, an Annapolis, Md., maker of wireless communication technology, climbed 19% to $4.32. The company posted first-quarter income of $4.6 million, or 11 cents a share, compared with $2.4 million, or 6 cents a share, in the year-ago period. Revenue climbed 18% year over year to $40.4 million.
Shares of Wayne, Pa.-based aircraft components maker
(TGI - Get Report)
soared 17.3% upward to $70.46. The company reported fourth-quarter income of $21.3 million, or $1.26 a share, up from $15.5 million, or 93 cents a share, a year ago. The Street was looking for $1.04 a share.
Blast-protected vehicle maker
announced a $94 million contract to supply the U.K. military with its Cougar vehicles. Shares of the Lasdon, S.C.-based company jumped 11% to $3.32.
On the losing side,
shares plummeted 36% to $7.97. The New York provider of investment education and brokerage products announced earnings of $12 million, or 17 cents a share, vs. a $25 million loss a year ago. Analysts were looking for earnings of 21 cents a share. The company also said the
Securities and Exchange Commission
was conducting an informal inquiry into some of its presentations in company seminars. BMO Capital Markets and Kaufman Brothers both downgraded the stock to hold-equivalent ratings.