Stocks to Watch: Tyson, Cars.com, Diamond Offshore and Prudential

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 [e-mail] and Ira Iosebashvili at [e-mail]

(END) Dow Jones Newswires

August 05, 2019 09:46 ET (13:46 GMT)

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