By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Tuesday, August 4th. Please refresh for updates.
AIG (NYSE:AIG) stock fell 1.8% after posting a 56% fall in quarterly adjusted earnings, spurred partly by higher catastrophe losses and lower private-equity returns.
Virgin Galactic (NYSE:SPCE) stock fell 10% after the space tourism company detailed plans to ask shareholders for $460 million and reported earnings that fell short of analysts' estimates as the impact of the Covid-19 pandemic weighed on performance.
BP ADR (NYSE:BP) soared 6.3% despite cutting its dividend for the first time in 10 years while reporting a record $6.7 billion quarterly loss. That said, the company announced a new strategy, saying it plans to become an "integrated energy company".
Twitter (NYSE:TWTR) stock fell 1.2% after the social messaging service said that it faces probable loss of between $150 million and $250 million in settlement charges as the Federal Trade Commission investigates possible violations of a law concerning the use of personal data.
Take-Two Interactive Software (NASDAQ:TTWO) stock rises 3.7% after the video gaming company reported a 54% jump in fiscal first quarter revenue, helped by more people staying at home during the pandemic.
KKR (NYSE:KKR) stock rose 1.3% after the private equity firm reported second-quarter distributable earnings that were flat year-on-year, beating many analysts' expectations amid a rise in management and performance fees.
Boeing (NYSE:BA) stock rose 0.5% after the U.S. Federal Aviation Administration said it is proposing requiring four key design and operating changes to the 737 MAX, potentially getting the plane back in the skies.
Spirit Aerosystems (NYSE:SPR) stock fell 3.8% after parts supplier air industry reported a loss for the second straight quarter, with the sector hard hit by the Covid-19 pandemic.
- Mallinckrodt (NYSE:MNK) stock fell 23% after the specialty pharmaceutical company disclosed talks with creditors and litigation claimants regarding the possibility of a bankruptcy filing.
- Ralph Lauren (NYSE:RL) stock fell 2.5% after fashion house reported a tough second quarter, adding that it expects its results to continue to be "significantly adversely impacted" by the pandemic.
- Cyberark Software (NASDAQ:CYBR) stock fell 2.4% after reported earnings and revenue for the June quarter that topped estimates, but its guidance disappointed.