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News Breaks
February 10, 2014
09:07 EDTHASHasbro targets double-digit revenue growth in emerging markets
Hasbro says 2013 was a "challenging year in many ways", but the launch of new IP and brand innovations has "well-positioned" the company in 2014. Expects FY14 tax rate to be approximately 26%-27%. Comments taken form Q4 earnings conference call.
News For HAS From The Last 14 Days
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February 10, 2016
09:56 EDTHASHasbro management to meet with MKM Partners
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09:56 EDTHASHasbro management to meet with Sterne Agee CRT
Meeting to be held in New York on February 17 hosted by Sterne Agee CRT.
09:55 EDTHASHasbro management to meet with Oppenheimer
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February 8, 2016
15:27 EDTHASHasbro holds an investor update
Investor Update being held in New York on February 12 at 8 am. Webcast Link
08:42 EDTHASHasbro expects modest double digit growth in emerging markets
08:42 EDTHASHasbro says Nerf was largest brand in 2015
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08:34 EDTHASHasbro increases quarterly dividend by 11% to 51c
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06:33 EDTHASHasbro reports Q4 Boys revenue up 35% to $569.8M
Reports Q4 Games revenue up 11% to $465.8M. Reports Q4 Girls revenue down 17% to $258.8M. Reports Q4 Preschool revenue up 17% to $170.9M.
06:31 EDTHASHasbro reports Q4 adjusted EPS $1.39, consensus $1.30
Reports Q4 revenue $1.47B, consensus $1.37B.
February 5, 2016
09:37 EDTHASMattel, Hasbro not in deal talks, CNBC's Faber reports
While Hasbro (HAS) did make an approach to Mattel (MAT) months ago, the two toymakers are not currently in talks, CNBC's David Faber reports, citing sources. Potential merger discussions are unlikely to resume given the antitrust challenges of a potential tie-up, Faber added. Mattel did not have much interest in a deal due in large part to regulatory concerns, the reporter noted. Bloomberg yesterday reported that Mattel and Hasbro had been in talks about a potential merger.
09:33 EDTHASHasbro, Mattel not in deal talks now, CNBC's Faber says
08:40 EDTHASHasbro, Mattel merger possible but not likely, says Wells Fargo
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07:36 EDTHASHasbro volatility elevated into Q4 and outlook
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February 4, 2016
16:47 EDTHASOn The Fly: Top stock stories for Thursday
Stocks had a roller coaster session, moving in a wide range and crossing the flat line several times during the day as the market continues to move in conjunction with the price of oil. Early in the session oil prices met resistance near $34 a barrel and equities were up by triple digits. When the price of crude pulled back, equities followed suit and ultimately turned negative. Oil prices struggled during the afternoon hours and closed down for the day. However, the averages drifted higher into the close and finished in the green. ECONOMIC EVENTS: In the U.S., the Labor Department said that productivity fell at an annual rate of 3% in the fourth quarter, marking the biggest quarterly decline in nearly two years and worse than the expected decline of 2%. Labor costs rose 4.5% in the fourth quarter, versus expectations for an increase of 4.3%. Initial jobless claims rose to 285,000 in the week ended January 30, versus expectations for 277,000 first-time claims. Factory orders declined 2.9% in December, versus expectations for them to be down 2.8% for the month. In Europe, the European Commission lowered its 2016 economic growth forecast for the 19-nation single currency area to 1.7% from the 1.8% expansion the commission had forecast in November. The Bank of England also cut its economic growth forecasts, saying it now expects Britain's economy to grow 2.2% this year and 2.3% next year, which is down from the 2.5% growth for 2016 and 2.6% in 2017 that it previously predicted. Additionally, the BoE maintained its bank rate and held the size of its asset purchase program steady. COMPANY NEWS: Shares of GoPro (GPRO) sunk to all-time lows after the action camera maker reported fourth quarter revenue that fell $60M short of expectations and guided first quarter revenue even further below analyst forecasts. The stock fell as low as $9.01 early in the session before ending the day down 8.68% at $9.78. Ambarella (AMBA), a chip supplier that has often traded in tandem with GoPro in the past, gained 5.13% to $39.35, with several analysts highlighting the company's healthy business outside of GoPro... Sumner Redstone stepped down as executive chairman of both CBS (CBS) and Viacom (VIA, VIAB), being replaced by the CEOs of the companies in both cases. CBS shares were up 0.31% after Leslie Moonves was named the next chair of its board, while Class A shares of Viacom were up 2.33% after Philippe Dauman was selected to succeed Redstone... Mattel (MAT) and Hasbro (HAS) gained a respective 1.67% and 1.2% following Bloomberg's report that the two toymakers have held intermittent merger discussions after Hasbro approached its peer late last year. MAJOR MOVERS: Among the notable gainers was Cascade Microtech (CSCD), which spiked 32.26% to $20.21 after agreeing to be acquired by FormFactor (FORM) for $16 per share. FormFactor declined 12.61% following the news. Also higher was VirnetX (VHC), which soared 46.14% to $7.00 after being awarded $625.6M in a patent dispute against Apple (AAPL). In addition, GrubHub (GRUB), McGraw Hill (MHFI) and Buffalo Wild Wings (BWLD) rose 12.8%, 7.7% and 7.6%, respectively, following their quarterly reports. Among the noteworthy losers were Ralph Lauren (RL) and Kohl's (KSS), which fell a respective 22.2% and 18.8% after reporting quarterly earnings and issuing underwhelming financial outlooks, with the negative signals also dragging down department store operators J.C. Penney (JCP), Macy's (M) and Nordstrom (JWN). Also lower was ConocoPhillips (COP), which declined 8.65% to $35.29 after the oil and gas explorer reported a worse than expected quarterly loss and slashed its dividend to 25c from 74c per share. CEO Ryan Lance said the decision to reduce the dividend was a "difficult one," but the company believes it is prudent to plan for lower commodity prices for a longer period of time. Meanwhile, AstraZeneca (AZN), Credit Suisse (CS) and MetLife (MET) slipped 5.9%, 10.8% and 5.3%, respectively, following their quarterly reports. INDEXES: The Dow rose 79.92, or 0.49%, to 16,416.58, the Nasdaq gained 5.32, or 0.12%, to 4,509.56, and the S&P 500 advanced 2.92, or 0.15%, to 1,915.45.
13:45 EDTHASHasbro management previously skeptical of 'transformational' deal, says Goldman
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13:07 EDTHASHasbro approached Mattel about possible merger late last year, Bloomberg says
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12:51 EDTHASMattel options active on approached by Hasbro about transaction report
Mattel (MAT) February 32 and 33 calls are active on total call volume of 4,600 contracts (4,500 puts) on being approached Hasbro (HAS) about transaction, Bloomberg reports. February call option implied volatility is at 47, March is at 40; compared to its 52-week range of 22 to 54. Active option volume suggest traders taking positions for upside price movement.
12:46 EDTHASHasbro has held talks with Mattel about potential transaction, Bloomberg reports
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12:46 EDTHASHasbro calls active on approached Mattel about transaction report
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12:40 EDTHASHasbro approached Mattel about transaction, Bloomberg reports
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