Stocks making the biggest moves after hours: Texas Instruments, iRobot, Barnes & Noble and more

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Texas Instruments shares fell more than 5 percent during after-hours trading Tuesday as the company missed analysts' estimates on revenue in its third quarter and announced weak fourth quarter guidance. The technology company reported $4.26 billion in revenue, missing analysts' estimates of $4.3 billion. However, the company did beat estimates in earnings per share, reporting $1.58 a share. Analysts estimated $1.53 a share.

Arconic shares fell 1.7 percent after market-close as it considers an $11 billion acquisition offer from Apollo Global Management, Reuters reported. This would value the engineering and manufacturing company between $23 and $24 a share. On Tuesday, the closing price was $20.65 a share.

Barnes & Noble shares fell 1.5 percent during after-hours trading as the company announced Evercore as its financial adviser and Baker Botts LLP as its legal adviser. The Board of Directors announced earlier this month that it would form a special committee to conduct a strategic review after multiple parties expressed interest in making an offer to acquire the company.

Источник: CNBC

Fracking at Lancashire site paused after seismic event detected

Fracking operations in Lancashire have been shut down after seismic activity was detected. The move came a little more than a week after the process was restarted in the UK for the first time since it was banned in 2011.

Cuadrilla Resources, which is carrying out the operations at its Preston New Road site, confirmed it paused work early on Tuesday as a precaution because of the microseismic event, which was measured at a magnitude of 0.4 and within the limit allowed by UK authorities.

“This is an extremely low level of seismicity, far below what could possibly be felt at the surface but classed as an amber event as part of the traffic light system in place for monitoring operational activity,” the company said on Tuesday evening.

“As such, we are required to reduce the rate we are pumping fracturing fluid once it has been detected. In fact, we have adopted extra caution and have stopped pumping for the day.”

Источник: The Guardian

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