Stocks to Watch: Dropbox, Nike, Tronc, Qualcomm, Puma Biotechnology, Invitation Homes, Universal Display

By Francesca Fontana

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

Dropbox Inc. -- Down 8.9%: The company's chief operating officer is departing, which apparently unnerved investors despite its second-quarter revenue and earnings topping expectations.

Nike Inc. -- Unchanged: Two women filed a lawsuit against Nike, alleging it discriminated against them in pay and career advancement, the latest development in a workplace-culture scandal that started this spring at the company.

News Corp. -- Down 0.1%: The media company, which owns The Wall Street Journal, reported fourth-quarter earnings that were slightly above projections.

Tronc Inc. -- Unchanged: The company reported earnings that were in line with second-quarter expectations after Reuters reported that Tronc was in talks to sell the Chicago Tribune, among its other newspapers, to Donerail Group.

Qualcomm Inc. -- Down 0.6%: The chip supplier notched a victory in its effort to preserve its patent-licensing business, as it reached a settlement with the Taiwanese government that revokes a previous finding against the chip maker and saves the company nearly $700 million in fines.

Puma Biotechnology Inc. -- Up 12%: The biotech company reported second-quarter losses that were narrower than expected and sales that topped estimates.

Invitation Homes Inc. -- Unchanged: The real-estate company posted earnings that were in line with expectations, and reported higher-than-forecast revenue, boosted largely by its single-family home rental operation.

Universal Display Corp. -- Up 10%: The organic light manufacturer reported stronger-than-expected revenue in the second quarter.

This is an expanded version of the "Stocks to Watch" section of our Markets newsletter. To receive it every morning via email, click here.

(END) Dow Jones Newswires

August 10, 2018 09:44 ET (13:44 GMT)

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