Apollo Group

(APOL)

was among the

Nasdaq's

winners Friday, jumping 13% after the education company posted better-than-expected third-quarter results.

The company earned $131.4 million, or 75 cents a share, on revenue of $733.4 million. Analysts polled by Thomson Financial expected earnings of 67 cents a share on revenue of $703 million. During the year-earlier period, the company earned $131.5 million, or 75 cents a share, on revenue of $653.4 million.

Separately, the company announced an increase in its stock repurchase plan to $500 million. Shares were trading up $6.38 to $57.16.

Heelys

( HLYS) rose 7.9% after the maker of wheeled sneakers withdrew its registration statement with the

Securities and Exchange Commission

for a 4.5 million secondary stock offering. Investors cheered the news, sending shares up $1.96 to $26.67.

Shares of

A. Schulman

(SHLM) - Get Report

rose 9.5% after the supplier of resins and other compounds posted third-quarter earnings that topped expectations. The company earned $10.1 million, or 37 cents a share, on revenue of $467 million. Analysts expected earnings of 25 cents a share. During the year-earlier period, the company earned $8.9 million, or 29 cents a share, on revenue of $427.3 million. Results included a pretax adjustment of $2.4 million, which helped both earnings and revenue. Shares were trading up $2.19 to $24.66.

Talbots

(TLB)

jumped 12% after the apparel retailer said that Trudy Sullivan would become its new chief executive. Sullivan is leaving her post as president at

Liz Claiborne

( LIZ) to take the new position with Talbots. Sullivan will replace Arnold Zetcher, who announced his intention to retire from the company earlier this year. Sullivan officially takes over on Aug. 6. Shares of Talbots were trading up $2.66 to $24.92.

Shares of

Gevity

( GVHR) slumped 11% after the human resources company warned that second-quarter earnings would be at the low end of its previous forecast and slashed its full-year earnings guidance. The company now sees second-quarter earnings of 17 cents a share, which is at the low end of its previous guidance of 17 cents to 19 cents a share.

For the full year, the company now sees earnings of 70 cents to 95 cents a share, down from an earlier view of $1.27 a share. Analysts project second-quarter earnings of 20 cents a share and full-year earnings of $1.16 a share. "Although lead production indicators remain positive, conversion of prospects into clients has not accelerated as previously expected toward quarter end," the company said. "Furthermore, average professional service fees per client employee have declined slightly during the quarter in contrast to a planned increase."

Shares were trading down $2.35 to $19.82.