Friday's Small-Cap Winners & Losers

After opening higher, small-cap stocks mainly hovered near the baseline along with the broader market Friday.

Shares of Town Sports (CLUB Quote), 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.

Also rising, TeleCommunication Systems (TSYS Quote), 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 Triumph Group (TGI Quote) 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 Force Protection (FRPT Quote) 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, Investools (SWIM Quote) 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.