Updated from 11:16 a.m. EDTShares of Pep Boys ( PBY) were among the NYSE's losers Friday, falling 12.7% after the auto-parts retailer posted an unexpected first-quarter loss. The company reported a loss of $2.4 million, or 4 cents a share, on sales of $564.2 million. Analysts polled by Thomson First Call were expecting earnings of 21 cents a share on sales of $577 million. A year ago the company earned $15.1 million, or 25 cents a share, on sales of $566.1 million. Looking ahead, Pep Boys said its retail comparisons would continue to be challenging during the second quarter, though service comparisons will ease slightly. Analysts are expecting second-quarter earnings of 28 cents a share on sales of $612.5 million. Shares traded down $1.90 to $13.11. Toro ( TTC) rose 9.9% after the company raised its second-quarter earnings outlook. The maker of outdoor maintenance products now expects earnings of $1.28 to $1.33 a share, up from previous guidance of $1.15 to $1.20 a share. Sales are expected to be between $625 million to $630 million. Analysts are expecting earnings of $1.18 a share on sales of $610.7 million. A year ago the company earned $52.2 million, or $1 a share, on sales of $548 million. Toro said second-quarter results benefited from stronger-than-expected shipments of professional products and from Hayter, which it acquired early in the fiscal second quarter, to international sales. Toro will release its full second-quarter results on May 24. Shares traded up $4.15 to $45.95. Shares of Hooker Furniture ( HOFT) fell 9.2% after the furniture manufacturer cut its second-quarter outlook. The company now expects sales to be down 5% to 7%. Previously, the company said that sales would be "on par" with year-ago sales of $91.5 million. "Business at retail has weakened as the quarter unfolded," the company said. "Since our quick-ship program allows dealers to order as needed to meet demand, soft activity at retail is felt almost immediately in our shipment levels." Analysts are expecting earnings of 45 cents a share on sales of $94 million. Shares traded down $1.52 to $14.98.
Greg Manning Auctions ( GMAI) fell 14.8% after the auction company posted third-quarter results that disappointed investors. The company earned $8.2 million, or 29 cents a share, on aggregate sales of $74.7 million. The one-analyst estimate called for earnings of 31 cents a share on sales of $80.9 million. A year ago the company earned $6.5 million, or 23 cents a share, on sales of $82 million. Greg Manning attributed the year-over-year sales decline to lower inventory sales under its supply contract with Afinsa, which the company expects to make up during the fourth quarter. As a result, sales in the fourth quarter will be higher than its previous internal forecast. Shares traded down $1.61 to $9.29. Shares of Taser International ( TASR) rose 1.6% after the company said that an independent study found that its stun guns don't hurt the heart. Taser said the study found no significant cardiac dysrhythmias in 24 healthy humans immediately after electrical exposure from the Taser X26. One of the doctors who participated in the study said that aside from a small increase in heart rate, the group didn't observe any significant abnormal cardiac rhythms, conduction or morphology disturbances right after the Taser shock. Shares traded up 18 cents to $11.38. NYSE volume leaders included Lucent Technologies ( LU), down 1 cent to $2.80; Motorola ( MOT), up 39 cents to $16.21; Elan ( ELN), down 51 cents to $7.28; EMC ( EMC), up 44 cents to $13.86; Nortel Networks ( NT), up 10 cents to $2.66; Exxon Mobil ( XOM), down $1.12 to $53.70; and General Electric ( GE), down 17 cents to $35.70. Nasdaq volume leaders included Microsoft ( MSFT), up 30 cents to $25.30; Oracle ( ORCL), up 24 cents to $12.36; Intel ( INTC), up 28 cents to $25.12; Cisco Systems ( CSCO), up 19 cents to $18.89; and Dell ( DELL), up $2.72 to $39.33.