NEW YORK (TheStreet) -- Aluminum producer Alcoa (AA) was falling 2.8% to $17.27 in premarket trading Tuesday after reporting first-quarter earnings that squeaked past Wall Street expectations by a penny, but its top line missed analysts' estimates.
Oil giant BP (BP) was falling 1.8% to $45.83 amid reports that it may be facing a lawsuit of around $10 billion from the management of joint venture TNK-BP over a violation of their shareholder contract.
Mobile device maker Nokia (NOK) revealed two new smartphone products operating on the updated Symbian software. Nokia was down 0.7% to $8.97.
Consumer giant Procter & Gamble (PG) announced a 9% quarterly dividend increase. P&G was down 0.1% to $62.10.
Teva Pharmaceutical (TEVA) was rising 0.1% to $49.05 as Reuters reported that its experimental oral multiple sclerosis drug reduced the disease's relapse rate by 23% over a placebo in a late stage study.
Santa Clara, Calif.-based mobile networking equipment maker Extreme Networks (EXTR) warned of a revenue shortfall in its fiscal third quarter.
Drug company Durect ( DRRX) said a Phase II clinical trial for its shingles-related, chronic lower back pain treatment Eladur didn't demonstrate a significant improvement for patients compared to a placebo.
Computer hardware company Hewlett-Packard ( HPQ) considered buying Tibco Software ( TIBX) until two weeks ago when the talks petered out, Reuters reported, citing two sources familiar with the matter.
Marine dry bulk transportation services provider Safe Bulkers (SB) said it plans to offer 5 million common shares, proceeds of which will be used for vessel acquisitions, capital expenditures and other general corporate purposes, including debt repayment. >>Search for Highest Dividends by Rate or Yield
|More on Earnings Today's Top Earnings|
>To contact the writer of this article, click here: Andrea Tse. >To follow the writer on Twitter, go to Andrea Tse. >To submit a news tip, send an email to: firstname.lastname@example.org.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV