Shares of

Hormel Foods

(HRL) - Get Report

were among the

NYSE's

winners Friday, rising 7% after the meat processor boosted its fourth-quarter guidance and gave a better-than-expected forecast for fiscal 2007.

For the period ended Oct. 29, the company expects to post earnings of 63 cents to 65 cents a share, up from an earlier view of 57 cents to 63 cents a share. Analysts polled by Thomson First Call project earnings of 59 cents a share. For all of fiscal 2006, the company estimates earnings of $2.04 to $2.06 a share, above Wall Street's forecast of $2. Hormel attributed the solid outlook to better-than-expected results in its specialty foods and foodservice businesses.

Looking ahead, Hormel forecast fiscal 2007 earnings of $2.15 to $2.25 a share. Analysts, meanwhile, predict earnings of $2.16 a share. Shares were trading up $2.52 to $37.35.

Sotheby's

(BID) - Get Report

fell 6% after the auctioneer posted a wider-than-expected third-quarter loss. The company reported a loss from continuing operations of $30.4 million, or 49 cents a share, on operating revenue of $57.4 million. Analysts expected a loss of 33 cents a share and revenue of $56.4 million. During the year-earlier quarter, the company recorded a loss of $21 million, or 35 cents a share, on revenue of $56.5 million. Shares were down $2.11 to $31.75.

Pacific Sunwear of California

(PSUN)

rose 9% after the surf-clothing retailer posted mixed third-quarter results but gave a fourth-quarter projection that pleased investors. The company earned $9 million, or 13 cents a share, on revenue of $375.4 million. The results included charges totaling 14 cents a share. Analysts expected earnings of 25 cents a share, including a penny a share in one-time charges, on revenue of $379.9 million. A year earlier, Pacific Sunwear earned $40.5 million, or 54 cents a share, on revenue of $377.5 million.

For the fourth quarter, Pacific Sunwear sees earnings of 45 cents to 50 cents a share. Analysts project earnings of 46 cents a share. Shares were trading up $1.59 to $18.86.

Shares of

American International Group

(AIG) - Get Report

rose 3% after the insurance company's third-quarter results topped forecasts. The company posted adjusted earnings of $4.02 billion, or $1.53 a share, on revenue of $29.2 billion. Analysts predicted earnings of $1.42 a share, with revenue of $29.07 billion. In the year-earlier period, AIG earned $1.86 billion, or 71 cents a share, on revenue of $26.41 billion. Shares were higher by $1.73 to $69.77.

Shares of

Flowserve

(FLS) - Get Report

dropped 3% after the maker of fluid-motion control products posted third-quarter earnings that were lower than expected. The company reported a profit from continuing operations of $27.4 million, or 48 cents a share, on revenue of $770.8 million. Wall Street expected earnings of 60 cents a share and revenue of $752.9 million. During the year-earlier quarter, Flowserve earned $5.2 million, or 8 cents a share, on revenue of $649.5 million. Shares were trading at $53.53, down $1.69.

Lionsgate

(LGF)

shares slid 4% after the movie studio posted a second-quarter loss that was wider than estimates. For the quarter ended Sept. 30, the company recorded a loss of $14.4 million, widened slightly from $14.1 million a year earlier. On a per-share basis, the loss was flat at 14 cents. Wall Street expected a loss of just 2 cents a share. Lionsgate's revenue rose to $218.2 million from $211 million. Shares were down 44 cents to $10.21.

NYSE volume leaders included

Pfizer

(PFE) - Get Report

, up 2 cents to $25.86;

Nortel

( NT), up 2 cents to $1.98;

Disney

(DIS) - Get Report

, down $1.50 to $32.08;

Sprint Nextel

(S) - Get Report

, up 16 cents to $20.30;

Lucent Technologies

( LU), down 2 cents to $2.50;

Motorola

( MOT), up 6 cents to $21.26; and

AT&T

(T) - Get Report

, down 57 cents to $32.85.

Nasdaq

volume leaders included

Sun Microsystems

(SUNW) - Get Report

, down 8 cents to $5.34;

Cisco Systems

(CSCO) - Get Report

, up 14 cents to $26.85;

Sirius Satellite Radio

(SIRI) - Get Report

, down 6 cents to $4.23;

Conexant

(CNXT) - Get Report

, up 15 cents to $2.21;

Microsoft

(MSFT) - Get Report

, down 3 cents to $29.23;

Nvidia

(NVDA) - Get Report

, down 95 cents to $34.34;

Intel

(INTC) - Get Report

, up 16 cents to $20.58; and

Level 3 Communications

(LVLT)

, down 4 cents to $5.52.