Updated from 11:26 a.m. EDT

Shares of

Payless ShoeSource

(PSS)

were among the

NYSE's

winners Friday, rising 16.8% after the company posted third-quarter results that easily beat Wall Street expectations.

Excluding charges, the shoe retailer earned 17 cents a share on sales of $687.3 million. Analysts surveyed by Thomson First Call were expecting earnings of 5 cents a share on sales of $679.3 million. A year ago, the company posted a loss of 3 cents a share on sales of $709.7 million. Looking ahead, Payless said that it plans to increase store promotions for the rest of the year and intends to increase the frequency of communication with customers through print and broadcast media. Shares traded up $1.86 to $12.93.

Isle of Capri Casinos

(ISLE)

fell 2.3% after the company missed second-quarter earnings expectations by a penny. The riverboat casino operator earned 1 cent a share on revenue of $269.7 million. Analysts were expecting earnings of 2 cents a share on sales of $269.4 million. The company said the quarter was "challenging" as a result of weather-related disruptions, construction issues and softness in Mississippi. Shares traded down 62 cents to $26.30.

Shares of

Hormel Foods

(HRL) - Get Report

rose 10.8% after the company previewed fourth-quarter earnings that topped expectations. When the food company releases its full fourth-quarter results on Nov. 24, it expects to post a profit of 48 cents to 50 cents a share, up from its previous guidance of 40 cents to 46 cents a share. Hormel said that strong demand for its value-added turkey products as well as stronger-than-expected turkey markets contributed to the strong results. Analysts had been expecting earnings of 43 cents a share. Shares traded up $3.10 to $31.87.

Mothers Work

( MWRK) rose 12.9% after the company announced an expanded relationship with

Sears Roebuck

(S) - Get Report

. The maternity apparel retailer will expand its presence to a total of 645 Sears stores beginning in March 2005. At present, the company has products in just 72 stores. The company's Two Hearts Maternity collection will become the exclusive maternity apparel offering in Sears stores. The Two Hearts collection first launched in Sears stores in April 2004. Shares traded up $1.84 to $16.11.

Shares of

Kohl's

(KSS) - Get Report

fell 2.2% after the company posted in-line third-quarter earnings results on light revenue. For the third quarter, the retailer posted a profit of 42 cents a share on sales of $2.74 billion. Analysts were expecting earnings of 42 cents a share on revenue of $2.78 billion. A year ago, the company posted earnings of 35 cents a share on revenue of $2.39 billion. Looking ahead, Kohl's forecast fourth-quarter earnings of 93 cents to 97 cents a share. Analysts are expecting earnings of 96 cents a share. Shares traded down $1.16 to $52.04.

NYSE volume leaders included

Nortel Networks

( NT), down 34 cents to $3.03;

Lucent

( LU), up 7 cents to $3.90;

Advanced Micro Devices

(AMD) - Get Report

, up $2.43 to $21.02;

Pfizer

(PFE) - Get Report

, up 30 cents to $27.45;

Calpine

(CPN)

, up 27 cents to $3.13; and

General Electric

(GE) - Get Report

, up 45 cents to $36.25.

Nasdaq

volume leaders included

Microsoft

(MSFT) - Get Report

, down 1 cent to $29.97;

Intel

(INTC) - Get Report

, up 52 cents to $23.69;

Sirius Satellite Radio

(SIRI) - Get Report

, up 32 cents to $4.17;

Dell

(DELL) - Get Report

, up $3.19 to $40.44;

Cisco

(CSCO) - Get Report

, up 52 cents to $19.26; and

Oracle

(ORCL) - Get Report

, up 25 cents to $13.39.