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Stock Market & Financial Investment News

News Breaks
July 21, 2014
10:19 EDTJAKK, MAT, LF, HASHasbro 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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February 26, 2015
10:00 EDTJAKKOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ASUR Airports (ASR) upgraded to Sector Perform from Underperform at Scotia Capital... AcelRx (ACRX) upgraded to Buy from Neutral at Mizuho... AllianceBernstein (AB) upgraded to Buy from Neutral at BofA/Merrill... American Express (AXP) upgraded to Buy from Hold at Deutsche Bank... Argus upgraded Sonoco (SON) on multiple positive catalysts... Columbia Property (CXP) upgraded to Neutral from Sell at Goldman... Deutsche sees American Express (AXP) as undervalued, upgrades to Buy... Eldorado Gold (EGO) upgraded to Neutral from Sell at Goldman... Genesee & Wyoming (GWR) upgraded to Buy from Neutral at BofA/Merrill... Gruma (GMK) upgraded to Overweight from Equal Weight at Barclays... Isle of Capri (ISLE) upgraded to Outperform from Neutral at Macquarie... JAKKS Pacific (JAKK) upgraded at B. Riley... QTS Realty Trust (QTS) upgraded to Buy from Hold at Deutsche Bank... Sonoco (SON) upgraded to Buy from Hold at Argus... T-Mobile (TMUS) upgraded to Buy from Neutral at Citigroup... Vulcan Materials (VMC) upgraded at RBC Capital.
08:58 EDTJAKKJAKKS Pacific upgraded at B. Riley
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06:49 EDTJAKKJAKKS Pacific upgraded to Buy from Neutral at B. Riley
February 25, 2015
06:05 EDTJAKKJAKKS Pacific sees Q1 EPS (47c)-(44c), consensus (66c)
Sees Q1 revenue $101M-$103M, consensus $96.06M. Sees Q1 EBITDA ($2.8M)-($2.2M).
06:03 EDTJAKKJAKKS Pacific sees FY15 EPS 71c-75c, consensus 66c
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06:02 EDTJAKKJAKKS Pacific reports Q4 EPS 11c, consensus 7c
Reports Q4 revenue $254.0M, consensus $198.79M.
February 20, 2015
10:01 EDTHASOn The Fly: Analyst Downgrade Summary
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05:45 EDTHASHasbro downgraded to Equal Weight from Overweight at Barclays
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February 19, 2015
09:22 EDTJAKKJAKKS Pacific new toys impressive, says BMO Capital
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09:15 EDTHASHasbro new products 'stellar,' says BMO Capital
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February 18, 2015
06:33 EDTJAKKJAKKS Pacific signs licensing agreement for Universal Pictures franchise
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February 17, 2015
10:29 EDTJAKKHigh option volume stocks
High option volume stocks: RDSA JACK WUBA MT JAKK VDSI ECL ENR AVG NWBO

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