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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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April 20, 2015
08:27 EDTHASHasbro sees favorable product mix and low cost inflation in 2015
Seeds 2015 as a strong entertainment year consistent with 2014. Expects product development to be 5%-5.5% of revenue due to Disney Princess and Frozen Investments ahead of revenues. Targets advertising level consistent with last two years. Projects $44M in 2015 as additional assets becoming fully amortized. Expects to invest in content across mediums, primarily television expense. Expects FY15 interest expense is consistent with historical trends as % of revenues. Expects FY15 tax rate anticipated at 26.5%-27.5%. Comments taken from slides for Q1 earnings conference call.
08:11 EDTMATAutodesk, Mattel to bring 3D printing experience to Mattel toy line
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07:28 EDTMATMattel management to meet with B. Riley
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06:46 EDTJAKKJAKKS Pacific downgraded to Neutral from Buy at B. Riley
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06:34 EDTHASHasbro reports Q1 US and Canada revenue $345.7M
Reports Q1 International revenue $305.7M; Reports Q1 Entertainment and Licensing revenue $60.6M. Reports Q1 Boys revenue $272.6M; Reports Q1 Games revenue $235.6M; Reports Q1 Girls revenue $117.1M; Reports Q1 Preschool revenue $88.1M.
06:33 EDTHASHasbro: Several factors helped mitigate negative impact of foreign exchange
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06:31 EDTHASHasbro reports Q1 adjusted EPS 21c, consensus 8c
Reports Q1 revenue $713.5M, consensus 660.27M
April 17, 2015
16:24 EDTMATOn The Fly: Top stock stories for Friday
Stocks on Wall Street began the session deep in negative territory and remained there throughout the day. The losses were broad based, with the S&P 500 losing 1% and the Dow and Nasdaq each sliding about 1.5%. There was little in the way of buying, as the number of declining stocks dwarfed the number of advancing stocks. Fears about Greece exiting the euro, steps taken by securities regulators in China and inflation data here at home were all pointed to as potential contributors to the down day in the market. The slide also coincided with the expiration of options, which can lead to volatility and heavy volume. ECONOMIC EVENTS: In the U.S., the headline Consumer Price Index rose 0.2% in March, versus expectations for it to be up 0.3%. The "core" rate, excluding food and energy prices, rose 0.2%, as expected. The leading economic index rose 0.2% to 121.4 in March, versus expectations for it to be up 0.3%. The University of Michigan consumer sentiment index jumped 2.9 points to 95.9 in the preliminary print for April, topping expectations for a 94.0 reading. In China, announcements by Chinese securities regulators, the Shanghai and Shenzhen stock exchanges, and related bodies raised fears of a selloff in China. The China Securities Regulatory Commission imposed sanctions to try to control margin buying of stocks with borrowed money and the Securities Association of China said it will allow fund managers to lend stocks for short selling to increase the supply of shares. In Europe, strategists reportedly said a lack of progress in negotiations between Greece and its creditors had substantially increased the risk of Greece defaulting on its debt and even exiting the euro. COMPANY NEWS: Shares of both Comcast (CMCSA) and Time Warner Cable (TWC) dropped after Bloomberg, citing sources, reported that lawyers at the Justice Departmentís antitrust division are leaning toward making a recommendation to file suit to block the companies' proposed merger. Spokespeople for Comcast and TWC reportedly told Bloomberg they see "no basis" for a lawsuit to block the transaction. Comcast ended the day down $1.25, or 2.09%, to $58.42, while Time Warner Cable shares slid $8.59, or 5.43%, to $149.61... First the Wall Street Journal, then Bloomberg, reported that Teva Pharmaceutical (TEVA) is internally discussing a potential takeover bid for Mylan (MYL). Shares of both moved higher following the reports, which Mylan responded to by stating that it is fully committed to its stand-alone strategy, including its proposal to acquire Perrigo (PRGO). Mylan Chairman Robert Coury said that rumors of potential interest from Teva have been "circulating for some time," but that such a combination is "without sound industrial logic or cultural fit" and would be unlikely to receive antitrust regulatory clearances. Coury added that Mylan's board would "carefully consider" a bid if any party makes an "actual offer" to acquire the company. Shares of General Electric (GE) reported a loss of $1.35 per share due to large charges related to its planned exit from the majority of its GE Capital business. Adjusting for special items, GE's operating earnings per share of 31c topped the consensus forecast by 1c. Additionally, GE said it has received "strong inbound interest" in its GE Capital assets following the company's April 10 investor update. MAJOR MOVERS: Among the notable gainers following their earnings reports were Celanese (CE), which rose $9.04, or 15.55%, to $67.18, and Mattel (MAT), which advanced $1.48, or 5.84%, to $26.75. Among the noteworthy losers after their quarterly reports were SerivceNow (NOW), which fell $9.55, or 11.53%, to $73.29, and Advanced Micro Devices (AMD), which dropped 29c, or 10.28%, to $2.58. INDEXES: The Dow declined 279.47, or 1.54%, to 17,826.30, the Nasdaq fell 75.98, or 1.52%, to 4,931.81, and the S&P 500 dropped 23.81, or 1.13%, to 2,081.18.
10:14 EDTMATOptions with decreasing implied volatility
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09:14 EDTMATOn The Fly: Pre-market Movers
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08:52 EDTMATMattel CEO says committed to dividends, sees maintaining at current level
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April 16, 2015
19:00 EDTMATOn The Fly: After Hours Movers
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18:56 EDTMATMattel announces partnership with Quirky
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16:12 EDTMATMattel trades up after results, levels to watch
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16:06 EDTMATMattel reports Q1 adjusted EPS (8c), consensus (9c)
Reports Q1 revenue $922.7M, consensus $896.54M.
15:23 EDTMATNotable companies reporting after market close
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11:43 EDTMATMattel management to meet with MKM Partners
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10:00 EDTMATOn The Fly: Analyst Upgrade Summary
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07:51 EDTMATMattel upgraded to Outperform from Market Perform at Wells Fargo
Wells Fargo upgraded Mattel to Outperform citing a favorable risk/reward following the recent underperformance of shares. Wells views the stock as an attractive value play, with downside protection given the potential for a leveraged buyout. It has a $28-$30 price target range for shares.
April 15, 2015
08:51 EDTMATMattel April volatility elevated into Q1 and outlook
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