Thursday's late movers

NEW YORK (CNNMoney.com) -- Here are some shares that were particularly active in late trading Thursday:

Applied Materials Inc. (down $0.67 to $17.98, Charts) warned its current-quarter sales would fall and its earnings would fall short of its forecast.

Barnes & Noble, Inc. (down $2.23 to $40.40, Charts), tumbled Thursday after the company reported a loss in the most recent quarter, citing stock-based compensation expenses.

Clear Channel Communications, Inc. (up $1.24 to $35.36, Charts), said Thursday it agreed to be acquired by private equity firms Thomas H. Lee Partners, Bain Capital and the Mays family for almost $19 billion.

Cisco Systems, Inc. (up $0.55 to $27.15, Charts) announced late Wednesday its board approved buying back $7 billion in common stock, on top of an existing buyback program.

Dell (down $0.65 to $25.10, Charts) said it would delay releasing its third-quarter results until later this month; the company was initially expected to report its numbers on Thursday.

Reckson Associates Realty Corp. (up $2.94 to $48.00, Charts) will be bid on by investor Carl Icahn and New York real estate firm Macklowe Properties, which together are preparing a $4.6 billion play for the commercial real estate company, The Wall Street Journal reported Thursday.

The Reader's Digest Association, Inc.'s (up $1.19 to $16.70, Charts) shares soared Thursday after it announced it had agreed to a $1.6 billion takeover offer by an investor group that includes Ripplewood Holdings.

Sears Holdings Corp.'s (down $9.89 to $169.26, Charts) shares tumbled Thursday as investors worried that the company's same-store sales continued to fall in the most recent quarter, even though the company reported profits that more than tripled.

Time Warner (up $0.35 to $20.33, Charts) appointed a television industry veteran from NBC Universal to lead its AOL Internet division, seeking to turn around its business amid a major restructuring.

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