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Stocks - Bristol-Myers, ViacomCBS Rise Premarket; Roku Falls

Published 08/06/2020, 07:53 AM
Updated 08/06/2020, 07:55 AM
© Reuters.

© Reuters.

By Peter Nurse 

Investing.com -- Stocks in focus in premarket trade on Thursday, August 6th. Please refresh for updates.

  • Roku (NASDAQ:ROKU) stock fell 4.1% despite the video-streaming platform company reporting strong second-quarter revenue growth of 42% late Wednesday, with 43 million streaming accounts. The company warned that advertising revenue may not recovery for at least a year from the Covid-19 hit.

  • United Airlines (NASDAQ:UAL) stock rose 4.5%, American Airlines (NASDAQ:AAL) rose 1.8% and Delta Air Lines (NYSE:DAL) gained 0.6% after President Donald Trump expressed support for a proposal for another $25 billion in federal aid to the industry.

  • Bristol-Myers Squibb (NYSE:BMY) stock rose 3.7% after the drugmaker raised its annual profit forecast on hopes of a recovery in demand for its hospital-administered drugs.

  • ViacomCBS (NASDAQ:VIAC) stock rose 6% after beating estimates for its second-quarter revenue with many consumers forced to stay at home, boosting demand for its streaming services.

  • Live Nation (NYSE:LYV) stock fell 1.2% after the ticketing and concert promoter saw a 98% drop in revenue in its second quarter, as the coronavirus pandemic brought live music to a standstill. 

  • Western Digital (NASDAQ:WDC) stock fell 11% after the hard-drive maker offered up a disappointing forecast for its new fiscal year.

  • MetLife (NYSE:MET) stock fell 3.3% after the insurer posted a 43% drop in quarterly adjusted earnings, spurred by declining premium income and private equity investment losses.

  • Zynga (NASDAQ:ZNGA) stock rose 4.2% after the social game producer raised its full-year bookings forecast. It had topped quarterly estimates on Wednesday, and announced it would acquire an 80% stake in Turkish game maker Rollic.

  • Uber (NYSE:UBER) stock was up 0.1% after the ride-hailing company announced plans to buy the British tech company Autocab, an app that will expand its footprint in the U.K.

  • Hilton (NYSE:HLT) stock dropped 2.5% after the U.S. hotel chain posted a quarterly loss, as the coronavirus pandemic wiped out global travel demand and hammered bookings.

  • Bausch Health (NYSE:BHC) stock soared 21% after the Wall Street Journal reported that the company plans to spin off its faster-growing eye-care business from its core pharmaceutical operations.

  • Mylan (NASDAQ:MYL) stock fell 1.1% despite the drugmaker reporting a second-quarter profit as its total revenue fell to $2.73 billion from $2.85 billion.

  • Nintendo ADR (OTC:NTDOY) rose 4.9% after the video games maker reported a five-fold jump in quarterly profit, helped by sales of its hit title "Animal Crossing: New Horizons".
  • Toyota ADR (NYSE:TM) rose 2.2% after the Japanese car manufacturer reported its worst quarter since June 2011 as the pandemic halved its global sales. Still, at least it reported a profit, which was more than analysts had expected.

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