DIS Walt Disney Co

By Francesca Fontana 

Here are some of the companies with shares expected to trade actively in Wednesday's session. Stock movements reflect premarket trading.

Tesla Inc. -- Down 2.4% : Shares of the auto maker rose 11% Tuesday to their highest level since September after Chief Executive Elon Musk tweeted that he was considering taking the company private.

Walt Disney Company -- Down 1.2% : The entertainment giant missed earnings and revenue expectations in the second quarter.

Papa John's International Inc. -- Down 8.2% : The pizza chain reported second-quarter earnings that missed expectations and trimmed its yearly profit forecast. The report comes less than a month after founder John Schnatter's resignation.

Snap Inc. -- Down 0.8% : The Snapchat parent company on Tuesday said its number of daily active users had dropped by 2%, the first such decline since its 2011 founding. Separately, the company reported significantly higher second-quarter revenue and narrower losses than expected.

Wendy's Company -- Up 1.1%: The fast food chain reported earnings per share that topped expectations Tuesday.

CVS Health Corp. -- Up 2.8% : The pharmacy chain reported higher revenue in the latest quarter as the company benefited from prescription volume growth by expanding relationships with pharmacy-benefit managers and health plans.

Michael Kors Holdings Ltd -- Up 2% : Michael Kors raised its guidance Wednesday as it reported earnings above analyst expectations, citing better-than anticipated revenue from its Jimmy Choo brand.

Salesforce.com Inc. -- Up 0.4% : The business-software company promoted President and Chief Operating Officer Keith Block to co-chief executive, giving him shared leadership of the business-software company with its co-founder and chairman, Marc Benioff.

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 08, 2018 09:39 ET (13:39 GMT)

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