Stocks to Watch: Dropbox, Nike, Tronc, Qualcomm, Puma Biotechnology, Invitation Homes, Universal Display
August 10 2018 - 9:59AM
Dow Jones News
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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