Stocks to Watch: Expedia, CBS, Activision Blizzard, Altice USA, U.S. Steel, Herbalife

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 Markets newsletter. To receive it every morning via email, click here.

Write to Francesca Fontana at [e-mail] and Amrith Ramkumar at [e-mail]

(END) Dow Jones Newswires

May 03, 2019 09:08 ET (13:08 GMT)

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