By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Thursday, July 21st. Please refresh for updates.
Tesla (NASDAQ: TSLA ) stock rose 2.7% after the electric car maker reported a smaller-than-expected drop in quarterly profit, helped by a string of price increases for its cars.
Carnival (NYSE: CCL ) stock fell 12% after the cruise operator announced it was selling an additional $1 billion of stock, using the money for general corporate purposes.
AT&T (NYSE: T ) stock fell 2.3% after the telecoms giant cut its annual free cash flow forecast to $14 billion from $16 billion, as it has to increase investments to compete with major rivals. However, it raised its forecast for annual revenue growth in its wireless service business after reporting a jump in quarterly subscriber additions.
United Airlines (NASDAQ: UAL ) stock fell 7.3% after the carrier posted a lower-than-expected quarterly profit , its first without U.S. aid since the pandemic began, as booming travel demand failed to offset higher operating costs.
American Airlines (NASDAQ: AAL ) stock fell 3% despite the carrier forecasting a profitable third quarter, indicating that a boom in travel demand will more than offset higher costs.
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