Stocks to Watch: Linde, Astronics, Tyson Foods, Cars.com
August 05 2019 - 9:52AM
Dow Jones News
By Kimberly Chin and Ira Iosebashvili
Here are some of the companies with shares expected to trade
actively in Monday's session. Stock movements noted by ticker
reflect movements during regular trading hours; premarket trading
is specified separately.
Prudential Financial Inc. -- Down 2% premarket: Shares of the
life insurer fell more than 14% last week after the company
reported earnings that missed analysts' expectations.
NetApp Inc. -- Down 1.6% premarket: The storage and data
management company's shares lost more than 20% Friday after it
warned that sales in the current quarter and year would fall below
expectations.
Linde PLC -- Up 1.7% premarket: The industrial gases and
engineering company reported higher profit in the second quarter as
sales more than doubled, beating analysts' expectations.
Diamond Offshore Drilling Inc. -- Down 19% premarket: The
offshore drilling company said its losses widened and sales fell in
the latest quarter. Loews Corp. owns a majority stake in the
company.
Astronics Corp. -- Down 4.2% premarket: The aerospace
electronics company lowered its sales outlook as profit and sales
fell in the latest quarter due to weaker demand in some of its
aerospace products and setbacks in one of its business
programs.
Tyson Foods Inc. -- Down 0.8% premarket: The Springdale, Ark.,
company said it received a subpoena from the U.S. Department of
Justice, signaling an expansion of the agency's criminal
investigation into chicken pricing. It also reported higher
second-quarter profit that was slightly ahead of analysts'
expectations but missed on sales.
Cars.com Inc. -- Down 27% premarket: The digital marketplace for
car shoppers and sellers reported a surprise quarterly loss as well
as a drop in revenue. The company also slashed its 2019 sales
outlook.
ON Semiconductor Corp. -- Down 7.4% premarket: The semiconductor
manufacturer said profit and revenue fell in the second quarter
amid softer business conditions and weaker demand due to
geopolitical factors.
Textron Inc. -- Up 3.1% premarket: Shares of the aircraft,
defense, and industrial provider rose after the company said it
would look at strategic alternatives for its Kautex business unit
in Bonn, Germany, that produces fuel systems and other
components.
This is a version of the "Stocks to Watch" section of our
Markets newsletter. To receive it every morning via email, click
here.
Write to Kimberly Chin at kimberly.chin@wsj.com and Ira
Iosebashvili at ira.iosebashvili@wsj.com
(END) Dow Jones Newswires
August 05, 2019 09:37 ET (13:37 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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