NEW YORK ( TheStreet) -- KEYW Holding (KEYW - Get Report) shares are plunging 17.5% to $8.25 in premarket trading Tuesday after the cybersecurity services firm disclosed the loss of a systems integration contract to a competitor.
"While the award of the Aura contract to a competitor is disappointing, we continue to see abundant opportunities for continued high growth," said Leonard Moodispaw, the company's president and CEO, in a statement.
Progress Software (PRGS - Get Report) is expected by analysts to report third-quarter earnings of 29 cents a share, down from year-earlier earnings of 37 cents.
Shares were rising 5.4% to $20 in premarket trading.
Airline shares were rising as Ticonderoga Securities lifted its third-quarter earnings outlook for the airline sector. Improved revenue and lower fuel costs were among the reasons cited for the move. AMR (AMR) was gaining 3.5% to $3.58; U.S. Airways (LCC) was rising 1.1% to $6.50; and Delta Air Lines (DAL - Get Report) was ahead by 1.5% to $8.42.
Drugstore chain Walgreen (WAG) reported fourth-quarter profit of 57 cents a share vs. the average analyst estimate of 55 cents. Shares were rising 2.9% to $37.07 in premarket trading Tuesday.
Electronic manufacturing services company Jabil Circuit (JBL - Get Report) is expected by analysts to post fourth-quarter earnings of 56 cents a share after the markets close Tuesday vs. 52 cents a year ago. Shares were rising 2.8% to $17.20.
Goldman Sachs (GS - Get Report) is preparing to expand cost-cutting by hundreds of millions of dollars, a move that could lead to additional job cuts, The New York Times reported. Shares were rising 1.7% to $100.82.
Organic chemical products company Huntsman (HUN - Get Report) said its Textile Effects division plans to undergo "significant" restructuring, including the possible closure of its production facilities and business support offices in Basel, Switzerland, as part of an ongoing program aimed at improving its long-term competitiveness. Shares were up 0.3% to $10.70.
Management consulting firm Accenture (ACN - Get Report) is expected to report fourth-quarter earnings of 88 cents a share, compared with year-earlier earnings of 66 cents. -- Written by Andrea Tse in New York.
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