Stocks to Watch: Advance Auto Parts, Brinker, Covetrus, Avaya Holdings and More

Here are some of the companies with shares expected to trade actively in Tuesday’s session. Stock movements noted by ticker reflect movements during regular trading hours; premarket trading is specified separately.

Verizon Communications
Inc.


VZ -0.05%

—Down 0.1% premarket: The company has agreed to sell its blogging website Tumblr to the owner of popular online-publishing tool WordPress, unloading a site that once fetched a purchase price of more than $1 billion for a nominal amount.

Victory Capital Holdings
Inc.


VCTR -3.96%

—Down 7.9% premarket: The investment-management company said revenue dropped 12.5% from a year earlier in the second quarter, a bigger slide than analysts projected.

Bloom Energy
Corp.

—Down 23% premarket: The maker of energy-generating devices reported a smaller-than-expected quarterly loss and beat on sales.

Elanco Animal Health
Inc.


ELAN 1.26%

—Up 3.6% premarket: The animal-health business swung to a profit in the latest quarter and posted sales in line with analysts’ estimates.

Advance Auto Parts
Inc.

—Down 7.9% premarket: The auto-parts distributor posted profit that missed analysts’ estimates and it cut the high-end of its full-year sales guidance.

Brinker International
Inc.

—Up 3.4% premarket: The parent of Chili’s Bar & Grill said profit and sales rose in the latest quarter while system-wide sales increased 1.5% from the comparable quarter a year ago.

II-VI
Inc.

—Down 4.2% premarket: The Saxonburg, Pa., manufacturer of optoelectronic components and semiconductor equipment posted an earnings and sales beat but provided a downbeat outlook for the current quarter that was below analysts’ expectations.

Covetrus
Inc.

—Down 36% premarket: The animal-health technology and services company swung to a loss, missed analysts’ sales estimates and lowered its fiscal-year 2019 outlook, citing changes in North America market growth, disruptions from Brexit in the U.K. and infrastructure investments.

Avaya Holdings
Corp.

—Up 12.5% premarket: The telecommunications-equipment company said it is in advanced talks with several parties over potential strategic transactions as the company widened its net losses in the latest quarter and trimmed its full-year forecast.

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 kimberly.chin@wsj.com and Amrith Ramkumar at amrith.ramkumar@wsj.com

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