Updated from 11:14 a.m.

Shares of Tim Hortons ( THI) were among the NYSE's winners Friday, climbing 31% on the doughnut chain's first day of trading as a public company.

The company, which was spun off by Wendy's International ( WEN), sold 29 million shares at $23.16 apiece, raising about $672 million. The company expected to sell shares between $22 and $24 a share, a range that was raised from $18 to $20 a share on Monday. After the spinoff, Wendy's will still own between 82% and 85% of Tim Hortons. Wendy's expects to spin off the rest of the Canadian chain by the end of the year. Tim Hortons shares recently were trading at $29.91, while Wendy's shares fell $2.03 or 3%, to $62.98.

Another IPO, Clayton Holdings ( CLAY), also lifted off. The company, a financial services outsourcer, sold 7.5 million shares priced at $17 apiece. The offering price came at the high end of the estimated range of $15 to $17. Clayton shares recently traded at $20.40, up 20%.

Shares of Finish Line ( FINL) fell 5% after the athletic-wear retailer posted mixed fourth-quarter results. The company earned $28.1 million, or 58 cents a share, on sales of $399.2 million. The results included an impairment charge of 3 cents a share. Analysts polled by Thomson First Call expected earnings of 59 cents a share on sales of $400.8 million. During the year-earlier period, the company earned $28.2 million, or 57 cents a share, on sales of $361.4 million. Shares were trading down 77 cents to $16.08.

BE Aerospace ( BEAV) rose 4% after the maker of aircraft-cabin components said it received contracts worth about $200 million. The company said certain follow-on programs, worth about $160 million, were awarded by a number of Asian, European and other international airlines for seating products, food and beverage preparation and storage equipment, and engineering integration products. The company expects to deliver most of the products during 2007 and 2008.

BE Aerospace said it also received contracts from two U.S. airlines. The contracts, which are worth about $40 million, call for the company to provide upgraded products and services for wide-body aircraft. Shares were trading up 89 cents to $25.12.

Tuesday Morning ( TUES) rose 4% after Standard & Poor's said it plans to add the home-furnishings retailer to its S&P SmallCap 600 index after the close of trading on March 29. Tuesday Morning will replace UICI ( UCI), which is being acquired by a group of private equity firms. The retailer's shares were trading up 86 cents to $23.18.

Shares of Realty Income ( O) fell 1% after the real estate investment trust priced 5.2 million shares of stock at $24.39 a share. The company expects gross proceeds of about $126.8 million from the offering. Realty Income expects to use the proceeds to pay down debt under its $300 million credit facility and for general needs. Shares were trading down 32 cents to $24.07.

NYSE volume leaders included Lucent Technologies ( LU), up 29 cents to $3.11; Nortel Networks ( NT), up 13 cents to $2.94; Alcatel ( ALA), up 33 cents to $15.78; AT&T ( T), up 35 cents to $27.35; Pfizer ( PFE), down 14 cents to $26.02; Time Warner ( TWX), down 5 cents to $17.04; Gateway ( GTW), up 2 cents to $2.38; and EMC ( EMC), down 13 cents to $13.67.

Nasdaq volume leaders included Level 3 Communications ( LVLT), up 28 cents to $4.29; JDSU ( JDSU), up 9 cents to $4.01; Microsoft ( MSFT), up 5 cents to $26.90; Sirius Satellite Radio ( SIRI), down 6 cents to $5.08; Intel ( INTC), down 2 cents to $19.68; Sun Microsystems ( SUNW), up 7 cents to $4.94; Cephalon ( CEPH), down $9.56 to $63.75; Apple Computer ( AAPL), up 26 cents to $60.42; Oracle ( ORCL), up 1 cent to $13.81; and Cisco ( CSCO), up 7 cents to $21.48.