Updated from 11:05 a.m. EST

Shares of

Goody's Family Clothing

( GDYS) were among the

Nasdaq's

losers Tuesday, falling 17.3% after the retail chain warned that first-quarter earnings could fall short of expectations.

The company said that unless there is a significant improvement in sales and margins during the remainder of the first quarter, it would post earnings that are "significantly lower" than the 24 cents a share that it posted a year ago. Sales and margins during the first 22 days of the fiscal quarter, the company said, are tracking well below plan and below year-ago levels.

Analysts polled by Thomson First Call are expecting first-quarter earnings of 24 cents a share on sales of $318.5 million. Goody's said that cold and wet weather, combined with an early Easter holiday, has forced it to discount more items in an effort to jumpstart sales. The company also said that a tight economy, coupled with soaring gas prices, has compounded the negative effects of its business. Shares traded down $1.89 to $9.05.

Commercial Metals

(CMC) - Get Report

rose 1.7% after the company posted second-quarter earnings that were better than expected and said that third-quarter earnings would top expectations as well. The company earned $56.6 million, or 91 cents a share, on sales of $1.6 billion. Results included an inventory expense of 4 cents a share. Analysts expected earnings of 89 cents a share on sales of $1.26 billion. A year ago the company earned $21.2 million, or 35 cents a share, on sales of $1.07 billion.

Looking ahead, Commercial Metals forecast third-quarter earnings of $1.10 to $1.30 a share. Analysts had been expecting earnings of 98 cents a share. The company said that third-quarter results would be helped by strength in its marketing and distribution business and by its recycling segment. Shares traded up 57 cents to $33.25.

Shares of

Lennar

(LEN) - Get Report

rose 1.3% after the homebuilder posted strong first-quarter results and raised its 2005 earnings guidance. The company posted earnings of $193.2 million, or $1.17 a share, on sales of $2.41 billion. Analysts expected earnings of $1.01 a share on sales of $2.29 billion. A year ago the company earned $139.3 million, or 84 cents a share, on sales of $1.86 billion.

Looking ahead, Lennar now expects 2005 earnings of $7.15 a share, up from its previous estimate of $6.90 a share. Analysts had been expecting earnings of $6.83 a share. "The homebuilding industry continues to see strong demand resulting from positive demographic trends and supply constraints," the company said. "As the industry continues to consolidate, we remain focused on targeting strategic opportunities to generate market share gains in our current markets as well as in new markets." Shares traded up 73 cents to $55.60.

Steel Technologies

(STTX)

rose 5.6% after the processor of flat-rolled steel said that second-quarter earnings would be ahead of expectations and raised its semiannual dividend by 50%. The company expects earnings of $1.08 a share on sales of $280 million. Results will include a tax benefit of 6 cents a share. Analysts had been expecting earnings of 92 cents a share on sales of $269.6 million. A year ago the company earned 68 cents a share on sales of $184.8 million. Separately, Steel Technologies hiked its dividend by 50% to 15 cents a share. The company said its decision to increase the dividend reflects its market-share position and prospects for the future. Shares traded up $1.41 to $26.58.

Shares of

Williams-Sonoma

(WSM) - Get Report

rose 4.3% after the home retailer posted fourth-quarter earnings that matched expectations. The company earned $102.6 million, or 86 cents a share, on sales of $1.08 billion. Excluding items, the company earned 95 cents a share. Analysts expected earnings of 95 cents a share on sales of $1.09 billion. A year ago Williams-Sonoma earned $102.1 million, or 85 cents a share, on sales of $1 billion.

Looking ahead, the company forecast 2005 earnings of $1.83 to $1.87 a share on sales of $3.5 billion to $3.57 billion. Analysts are expecting earnings of $1.87 a share on sales of $3.59 billion. Shares traded up $1.51 to $36.59.

NYSE

volume leaders included

Citigroup

(C) - Get Report

, down $1.31 to $44.45;

Lucent

( LU), down 7 cents to $2.74;

General Motors

(GM) - Get Report

, down 15 cents to $29.54;

American International Group

(AIG) - Get Report

, down $1.70 to $56.20;

Pfizer

(PFE) - Get Report

, down 29 cents to $25.42;

SunGard

(SDS) - Get Report

, up 68 cents to $31.75; and

Motorola

( MOT), up 8 cents to $14.99.

Nasdaq volume leaders included

Microsoft

(MSFT) - Get Report

, down 21 cents to $23.99;

Sun Microsystems

(SUNW) - Get Report

, down 18 cents to $4.03;

Cisco

(CSCO) - Get Report

, down 2 cents to $17.92;

Intel

(INTC) - Get Report

, down 48 cents to $23.02;

Oracle

(ORCL) - Get Report

, down 16 cents to $12.49; and

Electronic Arts

( ERTS), down $11.20 to $55.15.