TETRA Technologies (TTI) said Tuesday it commenced an underwritten public offering of $100 million of shares of common stock.
The company said it expects to grant underwriters a 30-day option to buy up to an additional $15 million of shares to cover over-allotments.
Proceeds will be used for general corporate purposes, including funding construction of its Arkansas bromine project, according to a statement.
Shares of the company were down over 9% in extended trading.
Palo Alto Networks (PANW) reported fiscal Q3 adjusted earnings late Tuesday of $0.85 per diluted share, up from $0.80 a year earlier.Analysts polled by FactSet expected $0.79.Revenue for the three months ended April 30 was $3 billion, up from $2.29 billion a year earlier.Analysts surveyed by FactSet expected $2.94 billion.For fiscal Q4, the company expects adjusted EPS of $0.96 to $0.98 on revenue of $3.35 billion to $3.36 billion. Analysts expect $0.94 and $3.28 billion, respectively.For full-year fiscal 2026, the company now expects adjusted EPS of $3.77 to $3.79 on revenue of $11.42 billion to $11.43 billion, up from the prior forecast of adjusted EPS of $3.65 to $3.70 on revenue of $11.28 billion to $11.31 billion.Analysts expect $3.68 and $11.30 billion, respectively.Shares of Palo Alto Networks rose about 9% in after-hours activity.
Top cryptocurrencies were weaker Tuesday, with Bitcoin (BTC-USD) falling below the $68,000 level.The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, fell 6% in the past 24 hours. The Nasdaq 100 rose 0.5%, the S&P 500 added 0.2%, and the Dow Jones Industrial Average was up 0.5%.Bitcoin fell 5.8% to $67,274, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume rose 17.1% to $49.44 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, declined 4.8% to $1,905.XRP (XRP-USD) dropped 6.1%, BNB (BNB-USD) fell 5.3%, and Solana (SOL-USD) shed 6.7%. Dogecoin (DOGE-USD) dipped 6.3%, and Cardano (ADA-USD) lost 6.8%.The US 10-year Treasury yield stood at 4.453% at 3 p.m. ET Tuesday, down from 4.473% Monday, while the five-year yield fell to 4.176% from 4.184%.The total market value of the cryptocurrency industry fell 5.4% in the past 24 hours to $2.31 trillion, and trading volume increased 7.2% to $116.31 billion.Price: $67081.01, Change: $-4239.48, Percent Change: -5.94%
Microsoft (MSFT) and Mayo Clinic announced a collaboration to develop a frontier AI model tailored for healthcare, aiming to support clinical reasoning, earlier diagnoses and more personalized treatment decisions, according to a statement Tuesday.The highly advanced model combines Mayo's de-identified clinical data with Microsoft's AI and cloud capabilities and will initially be deployed within Mayo's clinical environment, according to the statement.The model will be owned by Mayo Clinic and later made available globally through Microsoft's Azure Foundry APIs. The collaboration is intended to expand access to Mayo's clinical expertise and support care teams in complex decision-making, according to the statement.Price: $441.88, Change: $-18.64, Percent Change: -4.05%