Stocks to Watch Tuesday: Fisker, Lennar, Chegg -- WSJ

Dow Jones06-18

By Patricia Kowsmann

Fisker $(FSR)$: The startup that sought to mimic Teslas success filed for bankruptcy, roughly a year after releasing its first electric-vehicle model.

Lennar $(LEN)$: The home builder posted better-than-expected profit and revenue, but disappointed with its outlook. An earnings call is scheduled for Tuesday.

Philip Morris International (PM): The company's unit that makes Zyn nicotine pouches suspended sales on its U.S. website. Local officials in Washington are investigating its compliance with the districts ban on selling flavored products.

Chegg $(CHGG)$: The educational-technology company said it was restructuring its business to refocus on students, its core audience, and was cutting 441 employees. Its shares jumped 18% premarket.

KB Home (KBH) is among the companies reporting earnings Tuesday. Later this week, results are due from Darden Restaurants $(DRI)$, Kroger $(KR)$ and Smith & Wesson $(SWBI)$.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

June 18, 2024 04:43 ET (08:43 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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