By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Tuesday, August 4th. Please refresh for updates.
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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.
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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.
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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".
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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.
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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.
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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.
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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.
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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.