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Stock Market & Financial Investment News

News Breaks
July 21, 2014
10:19 EDTMAT, LF, HAS, JAKKHasbro tumbles after lower games performance weighs on sales
Shares of toy maker Hasbro (HAS) are falling after the company's second quarter revenue missed analysts' consensus forecast and its Games division reported a significant decline in sales. WHAT'S NEW: Hasbro's Q2 adjusted EPS matched analysts' consensus view of 36c. The company's Q2 revenue came in at $829.26M, falling short of analysts' consensus forecast of $838.97M. The toy maker's Q2 U.S. and Canada sales were down 2%, while its international sales were up 17%. Hasbro reported that sales in its Boys segment were up 32% and sales in its Girls segment sales were up 10%, though its Preschool segment sales were down 4% and its Games segment sales were down 12% compared to the prior year's same quarter. During the company's conference call, Hasbro reaffirmed its FY15 cost savings goal of $100M. The company said that it is focused on growing its Games business in the long-term across all platforms. The company said its Q2 performance positions it well to "successfully execute" plans for the rest of the year and beyond and that its inventories are "well positioned" for the second half and the upcoming holiday season. The firm plans to launch "major" game initiatives in Q3 and Q4 and feels "very good" about its Girls business momentum heading into the back half of the year, it added. WHAT'S NOTABLE: Shapeways announced on its website that it has teamed up with Hasbro to launch SuperFanArt, which is a website that enables fans inspired by Hasbro brands to showcase their artwork and sell their 3D printed designs there and on Shapeways. SuperFanArt grants the license to create new art and product offerings. The first license was granted to a select number of 3D artists to create artwork based on Hasbro's My Little Pony brand. PRICE ACTION: Shares of Hasbro are down $1.70, or 3.2%, to $51.51 in morning trading. OTHERS TO WATCH: Hasbro peer Mattel (MAT), which reported its own quarterly earnings on July 17, is down 1.5%. Some other, smaller game and toy makers are rising, with JAKKS Pacific (JAKK) up 1.5% and LeapFrog (LF) up 0.3%.
News For HAS;MAT;JAKK;LF From The Last 14 Days
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September 1, 2015
06:32 EDTJAKKJAKKS Pacific division secures licensing agreement with Moose Toys for Shopkins
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August 31, 2015
06:30 EDTJAKKDisguise and LEGO Group announces licensing agreement
Disguise, the Halloween costume division of toy manufacturer, JAKKS Pacific, announced that it has secured a licensing agreement with the LEGO Group to "construct" children's Halloween costumes, role play and accessories based on popular LEGO characters. The multi-year, multi-category agreement grants Disguise rights to distribute its LEGO licensed products across channels in North America, Europe, Korea and China. The LEGO costumes from Disguise are scheduled to be available at retailers in fall 2016.
August 26, 2015
10:11 EDTJAKKHigh option volume stocks
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August 25, 2015
17:16 EDTJAKKJAKKS Pacific: Court requires parties to provide notice of derivative settlement
JAKKS Pacific announced that the United States District Court for the Central District of California has authorized notice to be given to JAKKS' shareholders of the Court's preliminary approval of the previously disclosed settlement of Vladimir Gusinsky Living Trust v. Stephen Berman, et al. (f/k/a Advanced Advisors G. P. v. Stephen Berman, et al.) Case No. 2-14-cv-01420-JAK (SSx), a consolidated shareholder derivative action. The proposed settlement is subject to final Court approval, and the Court has set a final approval hearing for November 2, 2015, at 8:30 a.m. PT, in the courtroom of the Honorable John A. Kronstadt, United States District Judge. At the November 2, 2015 hearing, the Court will also hear a request from plaintiff's counsel for an award of attorneys' fees and expenses.
August 24, 2015
10:10 EDTHASHigh option volume stocks
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August 20, 2015
10:00 EDTLF, MAT, JAKK, HASOn The Fly: Analyst Initiation Summary
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August 19, 2015
18:34 EDTLFOn The Fly: After Hours Movers
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16:14 EDTMATMattel initiated with an Outperform at Oppenheimer
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16:14 EDTLFLeapFrog initiated with an Outperform at Oppenheimer
Target $3.
16:13 EDTJAKKJAKKS Pacific initiated with an Outperform at Oppenheimer
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16:12 EDTHASHasbro initiated with a Perform at Oppenheimer
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