Shares of

Spirit Finance

( SFC) were among the

NYSE's

winners Tuesday, jumping 12% after the real estate investment trust agreed to be acquired by a buyout group led by Macquarie Bank for $1.6 billion in cash.

The group will pay $14.50 a share, representing an 11% premium over Spirit's closing price of $13.05 on Monday. Including the assumption of about $1.9 billion in debt, the deal is worth $3.5 billion.

"After careful and thorough analysis, our board has endorsed this transaction with the Macquarie-led consortium as being in the best interests of the company and our stockholders," Spirit Finance said. The deal is expected to close by the end of the third quarter. Shares of Spirit Finance were trading up $1.61 to $14.66.

Jo-Ann Stores

( JAS) soared 17% after the fabric retailer posted better-than-expected earnings and guidance. For the period ended Feb. 3, the company earned $25.8 million, or $1.05 a share, on revenue of $600.8 million. Analysts polled by Thomson First Call expected earnings of 98 cents a share and revenue of $614.1 million. A year earlier, the company posted a loss of $18 million, or 78 cents a share, on revenue of $604.1 million. Those results included a goodwill impairment charge of $27.1 million.

Looking ahead, Jo-Ann forecast fiscal 2008 earnings of 55 cents to 65 cents a share, well above the 30 cents a share that analysts project. Shares were trading up $3.92 to $26.80.

Shares of

Dick's Sporting Goods

(DKS) - Get Report

rose 4% after the sporting goods retailer's fourth-quarter results beat forecasts. For the quarter ended Feb. 3, the company earned $67.7 million, or $1.20 a share, on revenue of $1.03 billion. Analysts expected earnings of $1.15 a share and revenue of $997.2 million. During the year-earlier quarter, the company earned $54 million, or $1 a share, on revenue of $849.5 million.

For the first quarter, Dick's sees earnings of 35 cents to 38 cents a share. Analysts project earnings of 28 cents a share. Shares were up $2.12 to $56.01.

Shares of

Smith & Wesson

(SWHC)

rose 8% after the gun maker posted better-than-expected third-quarter results. For the period ended Jan. 31, the company posted adjusted earnings of $2.6 million, or 7 cents a share, on revenue of $53.9 million. Analysts anticipated earnings of 4 cents a share on revenue of $50.9 million. During the year-earlier quarter, the company earned $1.1 million, or 2 cents a share, on revenue of $38.6 million.

Smith & Wesson projects fiscal 2007 earnings of $12 million, or 29 cents a share, including $5 million in charges. Analysts project earnings of 30 cents a share for the fiscal year ending in April. The company forecast revenue of $225 million, above Wall Street's estimate of $214.5 million.

For fiscal 2008, the company sees earnings of 60 cents a share, with revenue of $320 million. Analysts project earnings of 59 cents a share and revenue of $293 million. Shares adding $1 to $13.48.

Accredited Home Lenders

( LEND) plunged 56% after the subprime lender said that it is pursuing strategic options, including raising more capital to increase liquidity. The company said that its cash resources have been affected by margin calls since Jan. 1. All of the margin calls have been met, but the company has paid about $190 million in margin calls since the beginning of the year. Some two-thirds of those margins calls have been received and paid over the past month.

In addition to the margin call activity, Accredited "is seeking waivers and extensions of waivers of certain financial operating covenants under its warehouse and repurchase facilities, including waivers relating to required levels of net income," the company said. Accredited also is looking at restructurings, including more job cuts. Shares were tumbling $6.37 to $5.03.

Revlon

(REV) - Get Report

slid 9% after the cosmetics company said it swung to a fourth-quarter loss, hurt by restructuring efforts.The company recorded a loss of $5.5 million, or 1 cent a share, reversing a year-earlier profit of $64.3 million, or 17 cents a share. Operating income in the period was hurt by $20.8 million in costs from restructuring and the discontinuation of its Vital Radiance brand. Sales slipped to $378.9 million from $437.8 million. Wall Street expected earnings of 9 cents a share and sales of $389 million. Shares were trading down 11 cents to $1.08.

NYSE volume leaders included

CVS

(CVS) - Get Report

, up 40 cents to $32.38;

Dollar General

(DG) - Get Report

, up 8 cents to $21.15;

Ford

(F) - Get Report

, up 2 cents to $7.84;

Goldman Sachs

(GS) - Get Report

, up $2.32 to $204.92;

Motorola

( MOT), up 2 cents to $18.51;

Texas Instruments

(TXN) - Get Report

, down 53 cents to $32.06;

Washington Mutual

(WM) - Get Report

, down $1.36 to $40.54;

Altria

(MO) - Get Report

, down 41 cents to $85.39; and

EMC

(EMC)

, up 8 cents to $13.17.

Nasdaq

volume leaders included

Sun Microsystems

(SUNW) - Get Report

, up 9 cents to $6.40;

Qualcomm

(QCOM) - Get Report

, up $1.96 to $42.08;

Microsoft

(MSFT) - Get Report

, down 26 cents to $27.18;

Intel

(INTC) - Get Report

, down 9 cents to $19.39;

Apple

(AAPL) - Get Report

, up 4 cents to $89.91;

Cisco Systems

(CSCO) - Get Report

, down 15 cents to $26.02;

Oracle

(ORCL) - Get Report

, down 1 cent to $17.66; and

Sirius Satellite Radio

(SIRI) - Get Report

, up 1 cent to $3.38.