American International Group, Inc. (AIG) – Bloomberg reports the company plans to exit at least half the hedge funds in which the New York-based insurance giant is invested. AIG has holdings in more than 100 funds.
Twitter, Inc. (TWTR) – The social media company’s stock continues to sink (down 24 cents to $14.66 pre-market) ahead of Wednesday’s Q415 earnings report. Analysts expect the company to report EPS of $0.12 and revenue of $709.94 million. That would be $0.02 higher the $0.10 per share posted last quarter, and flat YoY. Revenue is projected to be $230.86 million higher than the $479.08 million posted in the same period a year earlier. Meanwhile, EarningsWhisper.com reports a whisper number of $0.12 per share.
The Coca-Cola Co (KO) shares rose marginally in pre-market trading after the company reported Q4 results. Coke posted earnings of $0.38 per share on revenues of $10.00 billion, down 8% from a year ago. Analysts were expecting EPS of $0.37 on revenues of $9.91 billion.
Regeneron Pharmaceuticals, Inc. (REGN) dropped more than 30 points to $360.00 in pre-market trading after the company reported weaker-than-expected Q4 results.
The biopharmaceutical firm handed in earnings of $2.83 per share on revenue of $1.10 billion, missing Wall Street estimates of $3.33 per share on revenue of $1.17 billion.