Galaxy Nutritional Foods, Inc. (GXY: chart) said Friday that it had a net loss available to common shareholders of $4.5 million, or 30 cents per share, in its fiscal year 2004, in contrast to a net loss available to common shareholders of $601,077, or 5 cents per share, in the 2003 fiscal year. The Orlando, Florida-based producer of soy-based dairy alternatives attributed the results to higher operating expenses and weaker sales. Net sales declined 9.5% to $36.2 million in fiscal 2004, from $40.0 million in fiscal year 2003, due to the popularity of low-carbohydrate diets and the Southern California retail grocery labor strike which affected negatively the sales of the company’s Veggie brand. For its fiscal fourth quarter ended March 31, Galaxy turned in net income available to common shareholders of $906,277, or 6 cents per share, up from net income of $70,755, or a penny per share, for the 2003 equivalent.

Galaxy shares surged 9.30% to $2.35 at market close Friday.

Syms Corp (SYM: chart) reported Friday that it returned to a profit in its first quarter from a year-earlier loss, driven by higher sales and a decrease in operating expenses. The Secaucus, New Jersey-based operator of off-price retail stores posted income of $4,000, or less than a penny per share, for its fiscal 2004 first quarter ended May 29. For the 2003 corresponding period, Syms had a loss of $1.75 million, or 11 cents per share. Quarterly net sales were up 7.5% to $68.1 million from $63.4 million, a year ago. Comparable-store sales improved 7.5% year-over-year.

The stock soared 7.85% to close Friday at $9.20.

QMed, Inc. (QMED: chart) of Eatontown, New Jersey, announced Friday a wider second-quarter loss of $1.4 million, or 10 cents per share, compared with a prior-year loss of $587,451, or 4 cents per share. The provider of disease-management services said results for the second quarter of 2004 included costs related to the settlement of a dispute with The Regence Group. Revenue for the quarter rose to $3.7 million from $3.3 million, last year.

QMed shares dropped 14 cents on Friday to $8.34.

Shaw Communications Inc. (SJR: chart) posted Friday a profit for its third quarter, rebounding from a prior-year loss, boosted by solid customer growth. The Calgary, Canada-based diversified communications company rolled out net earnings of $24.8 million, or 6 cents per share, for its fiscal 2004 third quarter, a turnaround from a net loss of $13.0 million, or 10 cents per share, last year. Shaw said that it was its third consecutive quarter of profitability. Quarterly service revenue climbed 5.2% to $532.0 million from $505.9 million, for the same quarter of 2003.

The stock dipped 2.42% to $16.51 at market close Friday.

Clinical Data, Inc. (CLDA: chart) of Newton, Massachusetts, on Friday turned in a net profit of $1.4 million, or 33 cents a share, for its fiscal fourth quarter, reversing from a loss of $50,000 or 3 cents a share, incurred a year earlier. The supplier of laboratory instruments cited acquisitions and rising international sales as main factors for the turnaround. Revenue in the quarter jumped to $15.74 million from $4.39 million, last year.

Company shares were catapulted up 40.24% on Friday to $17.46. The stock shed 35 cents to $17.11 in after-hours trading.

O'Charley's Inc. (CHUX: chart) announced Friday that it sees its second-quarter net earnings at the low end of its previous guidance of 22 cents to 25 cents a share, due to slower-than-expected sales. The Nashville, Tennessee-based restaurant chain added that same-store sales will also be at the low end of its prior range of 2% to 4% growth for its O'Charley's restaurants and 1% to 3% growth for its Ninety Nine restaurants. Analysts project second-quarter earnings of 25 cents per share, on average.

The stock closed Friday down $1.16, or 6.08%, at $17.92. Company shares recovered 42 cents to $18.34 in after-market trade.

Steel Technologies Inc. (STTX: chart) of Louisville, Kentucky, said Friday that it expects to report a huge rise in its quarterly financial results, due to rising prices and strong demand for steel. The processor of flat-rolled steel forecast a third-quarter profit in the range of 75 cents to 78 cents a share, on sales of $225 million. The company had earned 10 cents a share on sales of $129.6 million, in the year-ago period.

Company shares rose 2.54% on Friday to $23.43. The stock dropped 20 cents to $23.23 in the extended session.

Manugistics Group, Inc. (MANU: chart) reported Thursday that its first-quarter net loss narrowed to $7.7 million, or 9 cents per share, from a net loss of $18.5 million, or 26 cents per share, last year, due to lower operating expenses. The Rockville, Maryland-based developer of supply chain management software said quarterly revenue tumbled 21% to $51.6 million from $65.6 million. The company cited delayed purchasing decisions as main factor for the shortfall in software revenue.

The stock closed Thursday at $3.20, up a penny, or 0.31%. Company shares dipped 3.13% to $3.10 in the extended trade.

Cutter & Buck Inc. (CBUK: chart) of Seattle, Washington, announced Thursday that it swung to a quarterly profit from a year-ago loss, citing improved cost management and higher sales. The sportswear company turned in a net profit of $5.6 million, or 49 cents a share, for its fourth quarter, a turnaround from a net loss of $992,000, or 9 cents a share, in the fourth quarter of fiscal 2003. Sales in the quarter climbed to $38.4 million from $36.3 million, a year earlier.

Company shares dropped 9 cents on Thursday to $10.32.

Rite Aid Corporation (RAD: chart) posted Thursday net income of $63.3 million, or 10 cents per share, for its fiscal first quarter, rebounding from a net loss of $38.8 million, or 8 cents per share, a year ago, when charges for store closings and debt retirement weighed on the results. The earnings of the Camp Hill, Pennsylvania-based drugstore chain were a nickel per share ahead of the mean analysts’ forecast.

The stock soared 7.82% to $5.38 at market close Thursday. Company shares added 2 cents to $5.40 in after-market trade.