Friday’s biggest gaining and declining stocks

NEW YORK (MarketWatch) � Shares of the following companies made notable moves ahead of Friday�s U.S. stock market:

Advancers

Cepheid CPHD �shares leapt nearly 26% after the diagnostics company late Thursday reported better-than-expected fourth-quarter results.

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Columbus McKinnon Corp. CMCO � shares climbed 9% after the maker of material-handling products reported a return to profitability in its third quarter.

Emulex Corp. ELX � shares rose 15% after the storage-equipment maker late Thursday projected third-quarter results that beat Wall Street�s expectations.

First Solar Inc. FSLR � shares gained more than 11% after Bloomberg reported industry executives from Suntech Power Holdings Co. STP � and Trina Solar Ltd. TSL � said China might double its installations of solar panels in 2012. Suntech shares rose 7.7% and Trina shares rallied 7.3%.

Newell Rubbermaid Inc. NWL �shares advanced 8% after the consumer-products company reported better-than-expected quarterly results.

Solutia Inc. SOA � shares jumped 41% after Eastman Chemical Co. EMN �agreed to buy the specialty-chemical maker in a $3.38 billion cash-and-stock deal. Shares of Eastman Chemical rose almost 7%.

Decliners

Cirrus Logic Inc. CRUS � shares slid 8.3% a day after the supplier of parts for Apple products reported fiscal third-quarter results.

DeVry Inc. DV � shares dropped 5.5% after the for-profit educator reported second-quarter adjusted earnings below average analysts� estimates.

Green Dot Corp. GDOT � shares slid 10.5% after the provider of prepaid debit cards late Thursday reported fourth-quarter revenue below expectations.

Infinity Pharmaceuticals Inc. INFI � shares plunged almost 40% after the company halted a mid-stage trial of its potential treatment for pancreatic cancer after data showed patients lived longer taking a placebo.