Stocks to Watch: General Motors, Mariott International, Zillow, Etsy, Hertz, Weight Watchers
August 07 2018 - 10:05AM
Dow Jones News
By Francesca Fontana
Here are some of the companies with shares expected to trade
actively in Tuesday's session. Stock movements reflect premarket
trading.
Marriott International Inc. -- Down 2.6%: The hotel chain posted
weaker-than-expected sales, though it reported per-share earnings
that topped expectations.
Zillow Group Inc. -- Down 16%: Zillow said it would acquire
Mortgage Lenders of America for an undisclosed sum in an attempt to
boost the value of its partnerships with real estate brokers.
Separately, Zillow reported a 22% year-over-year revenue
increase.
Etsy Inc. -- Up 12%: The online retailer upped its revenue
guidance for the year and posted stronger-than-expected sales
growth in the most recent period.
Hertz Global Holdings Inc. -- Up 3.7%: Hertz reported a smaller
second-quarter loss than expected but missed on sales.
Weight Watchers International Inc. -- Down 3.6%: The weight-loss
company exceeded profit expectations and raised its full-year
guidance, though revenue was in line with Wall Street
projections.
General Motors Co. -- Up 0.1%: The auto maker reached a deal
late in Monday's session with a Detroit-based hospital network to
provide employees with a new coverage option. The agreement, which
would allow everything from surgical procedures to doctor
appointments, departs from conventional health-care arrangements
because the company signs a direct contract with a single
provider.
Dentsply Sirona Inc. -- Down 17%: The dental-equipment
manufacturer reported a $1.12 billion loss in its latest quarter
and said it plans to launch a restructuring program.
Dean Foods Co. -- Down 9.2%: The company beat earnings and sales
expectations but cut its full-year outlook due to inflation and
competition from private labels, disappointing investors.
This is an expanded version of the "Stocks to Watch" section of
our Morning MoneyBeat newsletter. To receive it every morning via
email, click here.
(END) Dow Jones Newswires
August 07, 2018 09:50 ET (13:50 GMT)
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