HAS Stock Price – Hasbro Inc. Stock Quote (U.S.: Nasdaq)

mw_logo_social HAS Stock Price - Hasbro Inc. Stock Quote (U.S.: Nasdaq) Investing

Hasbro’s stock tumbles after adjusted earnings miss, revenue falls below expectations

Shares of Hasbro Inc. tumbled 9.8% in premarket trade Friday, after the toy maker missed fourth-quarter profit and revenue expectations, citing the disruptive effect of the Toys “R” Us bankruptcy and the shifting consumer and retail landscape. The company swung to net income of $8.8 million, or 7 cents a share, from a loss of $5.3 million, or 4 cents a share, in the same period a year ago. Excluding non-recurring items, adjusted earnings per share came to $1.33, well below the FactSet consensus of $1.67. Revenue fell 13% to $1.39 billion, missing the FactSet consensus of $1.52 billion, as franchise brands, partner brands and gaming revenue all fell more than expected. “We were not…able to recapture as much of the Toys “R” Us business during the holiday period as we anticipated as the effect of its liquidated inventory in the market was more impactful than we and industry experts expected,” said Chief Executive Brian Goldner. Separately, the company raised its quarterly dividend to 68 cents a share from 63 cents a share. The stock has lost 8.3% over the past three months through Thursday, while the S&P 500 has slipped 3.6%.

Source link

Mattel boomerangs to its worst stock loss in more than 20 years

MW-HE090_mattel_ZG_20190215173012 Mattel boomerangs to its worst stock loss in more than 20 years Investing

The toy maker’s stock suffered its worst loss of the millennium on Friday, exactly a week after its best trading session of the 2000s the previous Friday. The boomerang trade was the result of splitting holiday-season earnings from Mattel’s MAT, -18.27%  forecast for 2019 — neither held great news, but last week’s earnings were at least better than expected.

HRB Stock Price – H&R Block Inc. Stock Quote (U.S.: NYSE)

mw_logo_social HRB Stock Price - H&R Block Inc. Stock Quote (U.S.: NYSE) Investing

H&R Block’s stock gains after results beat expectations

Shares of H&R Block Inc. edged up 0.5% in premarket trade Thursday, after the tax preparation services company reported a narrower-than-expected loss and beat revenue expectations. The net loss for the quarter to Oct. 31 widened to $176.3 million, or 86 cents a share, from $153.6 million, or 74 cents a share, in the same period a year ago. The loss per share excluding discontinued operations was 83 cents. The FactSet per-share loss consensus was 93 cents. Revenue rose to $148.9 million from $140.9 million, above the FactSet consensus of $139.8 million. “The fiscal second quarter results reflect planned increases in expenses related to strategic investments being made in the business,” said Chief Financial Officer Tony Bowen. The stock has gained 4.0% over the past three months through Tuesday, while the S&P 500 has lost 6.2%.

Source link

Mattel stock plunges toward worst loss in more than two years after forecast

mw_logo_social Mattel stock plunges toward worst loss in more than two years after forecast Investing

Mattel Inc. MAT, -18.27% shares dove more than 16% late in Friday's trading session after the toy maker revealed that sales would remain flat this year. In a presentation, Chief Financial Officer Joseph Euteneuer said that sales would remain flat in constant currency this year, which was called a "significant improvement" for the company, which has struggled of late. The forecast said that the American Girl line would continue to decline as the company entered a multiyear turnaround plan for the dolls, while a decline in Thomas the Train Engine toys should at least decelerate. Barbie and Hot Wheels toys are expected to grow, while Fisher-Price is expected to stabilize by the end of the year, the presentation claimed. Mattel also said it was looking to transition to a "capital-light" manufacturing plan in 2019, which should begin to pay off in 2020. Mattel's stock was headed toward its biggest one-day percentage loss since Jan. 26, 2017, when it declined more than 17%. Mattel shares had been enjoying a rebound so far this year, rising 43.7% as the S&P 500 index SPX, +1.09% gained 9.5%.

Trump signs spending bill, averting partial government shutdown

mw_logo_social Trump signs spending bill, averting partial government shutdown Investing

President Donald Trump on Friday signed a spending bill for government agencies that will avert a partial shutdown just after midnight. The bill also contains money for border security, though less than the president wanted. Earlier Friday Trump declared a national emergency to build more of his long-proposed border wall.

Just 12% of inventors with a U.S. patent are women

MW-HE070_emilyl_20190215123329_MG Just 12% of inventors with a U.S. patent are women Investing

Levy came up with her first idea as a sophomore in college. It’s a fashionable arm sleeve, called the PICCPerfect, to protect a peripherally inserted central catheter, or PICC, which allows them to receive medications through IV long-term.

Gold futures climb for the session to post a gain for the week

mw_logo_social Gold futures climb for the session to post a gain for the week Investing

Gold futures finished at a two-week high on Friday to post a modest gain for the week as progress in trade talks between the U.S. and China was seen as bullish for the metal. China is one of the world's biggest buyers of gold. April gold GCJ9, +0.80% settled at $1,322.10 an ounce, up $8.20, or 0.6% for the session. For the week, prices based on the most-active contract rose 0.3%.

Baker Hughes data show U.S. oil-rig count up 3 for the week

mw_logo_social Baker Hughes data show U.S. oil-rig count up 3 for the week Investing

Baker Hughes BHGE, +0.86% on Friday reported that the number of active U.S. rigs drilling for oil rose by 3 to 857 this week. That followed a climb of 7 in the oil-rig count a week earlier. The total active U.S. rig count also edged up by 2 to 1,051, according to Baker Hughes. March West Texas Intermediate crude CLH9, +1.62% was up 95 cents, or 1.8%, at $55.36 a barrel from Thursday's finish. It was trading at $55.50 before the rig data Friday.

Some leading Democrats are moving to the left, but will voters?

MW-HD557_aoc_02_ZG_20190207143827 Some leading Democrats are moving to the left, but will voters? Investing

Captivated by a handful of liberal superstars, they are venturing where the party has long feared to tread: Steep taxes on the rich. Abolishing an immigration enforcement agency. And proposing a sweeping Green New Deal that calls for an “economic transformation” to combat climate change.

DJCO Stock Price – Daily Journal Corp. Stock Quote (U.S.: Nasdaq)

mw_logo_social DJCO Stock Price - Daily Journal Corp. Stock Quote (U.S.: Nasdaq) Investing

Source link

What you need to know about the grandparent tax

MW-HE053_simpso_ZG_20190215105249 What you need to know about the grandparent tax Investing

Here’s a way to cut your GST tax exposure through direct gifts. You and your spouse could each give up to $15,000 annually to each of your three grandchildren. This could be via outright gifts or gifts to Crummey trusts set up for each grandchild. Each grandchild must be the sole beneficiary of his or her Crummey trust. Under this arrangement, each grandchild can be given up to $30,000 each year without any GST tax or gift tax and without using up any of your or your spouse’s $11.4 million GST tax exemption or any of your or your spouse’s $11.4 million unified federal gift and estate tax exemption. That way, both you and your spouse can preserve your exemptions to shelter future gifts and bequests you intend to make under the terms of your wills.

U.S. and China made ‘important progress’ in trade talks: Xinhua

mw_logo_social U.S. and China made 'important progress' in trade talks: Xinhua Investing

The U.S. and China have made "important progress for the current stage" of their trade negotiations after Chinese President Xi Jinping met with U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin in Beijing Friday, the state-run Xinhua reported. President Xi referred to the U.S.-China relationship as among the most important partnerships in the world and therefore, the two countries should maintain healthy and stable ties, according to the Chinese government's official media agency. Xi also said his country is ready to resolve its trade differences with the U.S. through cooperation and reach a deal that is acceptable to both sides. U.S. and Chinese negotiators are scheduled to meet again next week in Washington D.C. in a bid to hammer out an agreement ahead of the March 1 deadline. After the date, the U.S. has warned that it could further raise tariffs on Chinese imports although in recent days President Donald Trump has indicated that a grace period is possible if negotiations go well. U.S. stocks rallied on optimism over the bilateral talks with the S&P 500 SPX, +0.72% rising 0.8% to 2,767, the Dow Jones Industrial Average DJIA, +1.22% gaining 1.2% to 25,752 and the Nasdaq COMP, +0.34% adding 0.5% to 7,460.

FX7 – STOXX Europe 600 Banks Index EUR

mw_logo_social FX7 - STOXX Europe 600 Banks Index EUR Investing

Corrected

European bank stocks rally as ECB considers restarting stimulus mechanism

European banks rallied on Friday after European Central Bank executive board member Benoit Coeure said a new targeted longer-term refinancing operation, or TLTRO was possible, according to reports. “There might be scope for another TLTRO,” Coeure said, according to Reuters. The TLTRO are essentially cheap loans provided by the ECB, that served to temporarily calm the eurozone debt crisis early in 2012. Coeure also characterized the eurozone’s inflation path as shallow, meaning the central bank would have to adapt. The Stoxx Europe 600 Banks Index climbed some 2% on the back of the remarks. The biggest gainers in the index were Italian Banco BPM SpA and German Comerzbank Ag , which gained 4.9% and 4.7% respectively.

Source link

Apple video efforts may not help reaccelerate growth, says Jefferies

mw_logo_social Apple video efforts may not help reaccelerate growth, says Jefferies Investing

Apple Inc. AAPL, +0.36% appears ready to launch its long-awaited video streaming service in the spring, but Jefferies analyst Tim O'Shea isn't yet convinced that the efforts will help Apple achieve an inflection in growth. "Even with video, services growth is not enough to offset iPhone unit declines, which should persist through 2019 and beyond," he wrote. Apple is reportedly having trouble signing big potential video partners such as Netflix Inc. NFLX, +2.08% which has been pushing back in general against Apple's take rate. "The 30% revenue share could reduce the amount of third party video content in this service, limiting its potential," O'Shea said, though it's still not clear exactly what the company's revenue-sharing arrangements for the video service will be as the company has yet to announce the offering. While publishers like Netflix are rebelling against Apple's 30% cut of App Store revenue, the largest app there only accounts for 0.3% of total services revenue. " For video, if a single major producer pulls out it would be a much bigger problem," O'Shea wrote. Apple shares are off 0.4% in premarket trading Friday. The stock has fallen 11% over the past three months, as the Dow Jones Industrial Average DJIA, -0.41% has risen 0.6%.

Empire state manufacturing index rebounds modestly in February

MW-HE000_empire_20190214141808_MG Empire state manufacturing index rebounds modestly in February Investing

Bloomberg News/Landov
An employee at the Precision Neon studio in the Brooklyn borough of New York..
The numbers: The Empire State manufacturing index rebounded in February after hitting the lowest level in a year. The index rose 4.9 points to 8.8 in February, the New York Fed said Friday. Economists had expected a reading of 7.6, according to a survey by Econoday.