Stocks to Watch: Expedia, CBS, Activision Blizzard, Altice USA, U.S. Steel, Herbalife
May 03 2019 - 9:23AM
Dow Jones News
By Francesca Fontana and Amrith Ramkumar
Here are some of the companies with shares expected to trade
actively in Friday's session. Stock movements noted by ticker
reflect movements during regular trading hours; premarket trading
is specified separately.
Facebook Inc. -- Up 0.6% premarket: Facebook is recruiting
dozens of financial firms and online merchants to help launch a
cryptocurrency-based payments system on the back of its social
network.
Expedia Group Inc. -- Down 3.4% premarket: The online travel
company said quarterly sales grew less than expected.
CBS Corp. -- Up 0.2% premarket: The broadcaster posted a
smaller-than-expected increase in quarterly sales, though profits
narrowly topped estimates.
Activision Blizzard Inc. -- Down 4.1% premarket: The videogame
company said monthly active users fell nearly 8% in the first
quarter from a year earlier.
Altice USA Inc. -- Down 1% premarket: The New York cable
television and broadband provider reported a wider-than-expected
loss for the first quarter.
U.S. Steel Corp. -- Up 4.6% premarket: The steel company said
net sales rose to $3.5 billion in the first quarter from $3.15
billion a year earlier, surpassing analyst targets.
Herbalife Nutrition Ltd. -- Down 5.6% premarket: The nutrition
company cut its financial projections, citing a slowdown in
China.
Newell Brands Inc. -- Up 3.1% premarket: Newell Brands swung to
a loss and met sales expectations in its latest quarter as the
consumer-products conglomerate continues its search for its next
CEO amid weak results.
Sinclair Broadcast Group Inc. -- Up 3.6% premarket: TV-station
giant Sinclair Broadcast Group has struck a deal valued at more
than $10 billion to acquire 21 regional sports networks from Walt
Disney Co., The Wall Street Journal reported.
Vistra Energy Corp. -- Up 1.7% premarket: Vistra Energy reported
a profit in the first quarter as its operating revenues increased
by more than three times what they were for the comparable quarter
a year earlier.
American Tower Corp. -- Unchanged premarket: The company's net
income in the first quarter rose as the company reported a drop in
operating expenses and increased operating revenue.
Dominion Energy Inc. -- Down 1.4% premarket: The Richmond, Va.
company said its businesses were hurt by unusually mild weather in
Virginia and South Carolina in its latest quarter.
Marriott International Inc. -- Down 0.7% premarket: Marriott
said the hotelier's chief executive was diagnosed earlier this week
with pancreatic cancer and will undergo chemotherapy.
Dish Network Corp. -- Down 1.2% premarket: The company said
profit fell 7.6% for the first quarter as it reported slightly
lower subscriber-related revenue and higher expenses.
This is a version of the "Stocks to Watch" section of our
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here.
Write to Francesca Fontana at francesca.fontana@wsj.com and
Amrith Ramkumar at amrith.ramkumar@wsj.com
(END) Dow Jones Newswires
May 03, 2019 09:08 ET (13:08 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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