Friday's Winners & Losers: AIG

The insurance giant plunges 8.8%after it reported a $7.8 billion first-quarter loss.
By TSC Staff ,

The first quarter loss for insurance giant

AIG

(AIG) - Get Report

spooked investors Friday and kept pressure on financial stocks.

The insurance giant plunged 8.8% to $40.28, after it reported a $7.8 billion first-quarter loss Thursday after the bell, its second straight loss in a row. Placing the blame on credit markets, AIG said it would raise $12.5 billion in capital in the next few months.

RealNetworks

(RNWK) - Get Report

was up 92 cents, or 14%, to $7.39 after the company said it expects second-quarter revenue

ahead of Street estimates

. The company also said it will spin off its games division and plans to buy back up to $50 million of stock.

Among the big losers,

The Knot

(KNOT)

fell to new lows, decling 15% to $9.95. The New York wedding planner announced first-quarter income of $579,000, or 2 cents a share, vs. $1.6 million, or 5 cents a share, a year ago. Analysts polled by Thomson Reuters were looking for EPS of 5 cents.

Shares of

Priceline.com

(PCLN)

added $17.22, or 14.4%, to $141.65 after it

beat Street expectations

for the first quarter on the strength of travel bookings and international revenue. It also offered strong outlook for the current quarter.

H&R Block

(HRB) - Get Report

shares jumped 7.8% after the Office of Thrift Supervision that reversed its requirement that the tax preparer hold a 3% capital reserve. The company's sale of its Option One Mortgage unit and its lower risk profile gave comfort to regulators. The stock gained $1.71 to $23.57.

3D Systems

( TDSC) fell to a new 52-week low, lately declining 39% to $8.67. The Rock Hill, S.C., multimedia and graphics software company posted a wider first-quarter loss of $3.7 million, or 17 cents a share, from of $3.1 million, or 16 cents a share, a year ago. Analysts were expecting a profit of 4 cents a share.

This article was written by a staff member of TheStreet.com.

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