Shares of Goody's Family Clothing ( GDYS) were among Nasdaq's top gainers Thursday, rising 14% after the company agreed to be acquired by an affiliate of Sun Capital Partners for $8 a share in cash. The price represents a 10% premium to Wednesday's closing price of $7.26. The tentative deal is expected to be consummated within the next 48 hours, Goody's said.

Separately, Goody's reported a 0.8% decrease in September same-store sales. As a result of the weak sales, the company said it would post a loss during the third quarter that will be much wider than the loss of 2 cents a share that it reported a year ago. "Sales for the month of September 2005 were negatively affected by hurricanes Katrina, Ophelia and Rita, as well as by unseasonably warm weather, which prevailed in our markets," the company said. Analysts had been expecting a third-quarter loss of 2 cents a share. Shares were trading up $1 to $8.26.

Shares of Tuesday Morning ( TUES) declined about 3% after the retailer warned that third-quarter earnings would fall short of expectations.

The company, which posted third-quarter sales of $192.3 million and a same-store sales drop of 3.6%, expects earnings of about 20 cents a share for the quarter. Analysts polled by Thomson First Call had been expecting earnings of 22 cents a share on sales of $212.8 million. A year ago, the home-accessories and gift retailer earned 18 cents a share on sales of $186.1 million. "Consumer buying patterns in the third quarter have been impacted by discretionary spending on new automobiles, significantly higher energy prices and hurricane relief efforts which resulted in lower traffic in our stores," the company said.

Looking ahead, Tuesday Morning now expects full-year earnings of $1.64 a share, excluding a charge, on sales of about $960 million. Analysts had been expecting earnings of $1.77 a share on sales of $998.3 million. Shares were trading down 71 cents to $24.75.

Marriott International ( MAR) rose 2% after the hotel operator posted third-quarter results that were better than expected. The company earned $149 million, or 65 cents a share, on sales of $2.71 billion. Excluding items, the company would have earned 70 cents a share. Analysts were expecting earnings of 64 cents a share on sales of $2.51 billion. A year earlier, the company earned $133 million, or 56 cents a share, on sales of $2.3 billion.

Looking ahead, Marriott forecast fourth-quarter earnings of 95 cents to 98 cents a share. Analysts had been expecting earnings of 93 cents a share. Shares were trading up $1.30 to $64.47.

A.C. Moore Arts & Crafts ( ACMR) fell 7% after the arts and crafts retailer warned that it would post a third-quarter loss. The company expects to report a loss of 10 cents to 12 cents a share, well worse than the profit of 5 cents a share that analysts had projected. The company posted sales of $115.1 million, below the $123 million analysts were expecting.

"The third quarter was a disappointment for the company as customer traffic dropped 6.2% and was below our expectations due to several factors including rising gasoline prices and unusually hot and dry weather during the quarter," the company said.

AC Moore said it wouldn't provide full-year earnings guidance until it posts its third-quarter results on Oct. 19. "We believe at that point we will have a better read on sales trends," the company said. Shares were trading down $1.24 to $17.76.

Shares of General Electric ( GE) rose 2% after the giant conglomerate said that it expects third-quarter earnings to be at the high end of its previous guidance. The company expects to report earnings of 44 cents a share. Previously, the company said that it would earn 43 cents to 44 cents a share. Analysts had been expecting third-quarter earnings of 44 cents a share.

GE chalked up the earnings revision to solid growth in flow, major equipment and services orders. For the full year, the company now expects earnings of $1.81 to $1.83 a share, shaving a penny off the bottom of its previous forecast of $1.80 to $1.81 a share. Analysts are expecting earnings of $1.82 a share for the full year. GE now sees cash flow from operating activity in excess of $19 billion and plans to increase its 2005 stock buyback plan by $1 billion to more than $4 billion. Shares were trading up 77 cents to $33.45.

NYSE volume leaders included Chesapeake Energy ( CHK), down $2.47 to $33.03; Lucent Technologies ( LU), up 1 cent to $3.28; Exxon Mobil ( XOM), down 43 cents to $58.52; Merck ( MRK), up 53 cents to $27.42; Valero Energy ( VLO), down $4.97 to $100.80; Haliburton ( HAL), down 74 cents to $61.50; and Wal-Mart ( WMT), up 70 cents to $44.20.

Nasdaq volume leaders included Microsoft ( MSFT), up 17 cents to $24.84; JDSU ( JDSU), down 4 cents to $2.22; Intel ( INTC), unchanged at $24.07; Cisco Systems ( CSCO), up 10 cents to $17.60; Sun Microsystems ( SUNW), up 4 cents to $4.25; ATI Technologies ( ATYT), up 86 cents to $14.12; Oracle ( ORCL), up 8 cents to $12.25; and Dell ( DELL), down 2 cents to $32.57.