Shares of Pool ( POOL) were among the Nasdaq's losers Friday, sinking 10% after the pool equipment distributor lowered its 2006 earnings projection.

The company now sees earnings of $1.74 to $1.75 a share, down from an earlier forecast of $1.82 a share. Analysts polled by Thomson First Call projected earnings of $1.81 a share. Pool said its full-year results were pulled down by a fourth-quarter loss of 8 cents to 10 cents a share. Analysts expected a fourth-quarter loss of just a penny a share. Pool blamed the shortfall on lower gross margins, flat base business sales growth, and a negative contribution from the opening of 17 new locations in 2006.

Looking ahead, Pool forecast 2007 earnings of $2 to $2.10 a share. Analysts project earnings of $2.15 a share. Shares recently were trading down $4.33 to $36.25.

Shares of RC2 ( RCRC) tumbled 10% after the toymaker warned that fourth-quarter revenue will be lower than expected. The company estimates that revenue will be flat to slightly down from about $154 million a year ago. Analysts anticipated revenue of $169.3 million.

RC2 also expects full-year earnings to be below its previous forecast of $2.52 to $2.62 a share. Analysts project earnings of $2.68 a share. The company said that increased costs of zinc, a key component in its die-cast products, hurt its results. Shares were trading down $4.43 to $40.10.

ConocoPhillips ( COP) rose 2% after the oil company said it would buy up to $1 billion in stock as part of a repurchase plan. The company plans to buy about $750 million in stock during the first quarter. ConocoPhillips expects to announce its total repurchase plan for all of 2007 by the end of the first quarter. Shares were up $1.44 to $63.26.

Shares of Owens-Illinois ( OI) climbed 8% on news that the packaging company may be looking to sell its plastics unit. Owens-Illinois said it hired Goldman Sachs to help explore options for the unit, which had revenue of about $770 million for the 12 months ended Sept. 30. Shares recently changed hands at $21.75, up $1.61.

Pinnacle Entertainment ( PNK) rose 2% after the casino operator priced a stock offering at $32 a share. The company priced some 10 million shares and raised proceeds of $320 million. The offering is expected to close on Jan. 18. Pinnacle plans to use the proceeds for general purposes. Shares were adding 54 cents to $32.93.

Shares of Murphy Oil ( MUR) traded actively after the company put fourth-quarter earnings below Wall Street forecasts. The company expects to post earnings of 40 cents to 45 cents a share, well below the 64 cents a share that analysts project. Murphy said that it expects a daily average of about 92,000 barrels of oil equivalent during the fourth quarter. In October, the company forecast production of about 94,000 barrels a day. Shares were trading down 8 cents to $46.17.

NYSE volume leaders included Advanced Micro Devices ( AMD), down $2.19 to $17.99; Ford ( F), up 4 cents to $7.81; LSI Logic ( LSI), up 40 cents to $10.24; Sprint Nextel ( S), up 4 cents to $17.48; General Electric ( GE), down 5 cents to $37.87; Corning ( GLW), up 48 cents to $19.90; and Pfizer ( PFE), up 23 cents to $26.69.

Nasdaq volume leaders included Sirius Satellite Radio ( SIRI), up 16 cents to $4.06; Microsoft ( MSFT), up 36 cents to $31.06; Sun Microsystems ( SUNW), down 10 cents to $6.04; Level 3 Communications ( LVLT), up 23 cents to $6.71; Intel ( INTC), down 16 cents to $21.76; Apple ( AAPL), down $1.99 to $93.81; and Oracle ( ORCL), down 1 cent to $17.38.

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