Hasbro reported a 43 percent jump in quarterly profit, helped by higher demand for its Transformers, Marvel and Stars Wars action figures.» Read More
Oct 23- Shares of Build-a-Bear Workshop Inc and Jakks Pacific Inc jumped after the struggling toy retailers forecast strong holiday sales, indicating that a bumper fourth quarter could go a long way in lifting the companies' sagging fortunes. Jakks Pacific's shares touched a five-month high of $8.99. Based on strong demand for Frozen Snow Glow Elsa doll and...
International Business Machines Corp reports a marked slowdown in business in September and abandons its 2015 operating earnings target, as weak client spending and a slumping software sector weighed down quarterly revenue. Valeant Pharmaceuticals International Inc says it may raise its bid for Botox maker Allergan Inc to more than $200 per share; the...
Oct 20- Hasbro Inc, the second-largest U.S. toymaker, reported a strong quarterly profit, driven by robust sales of Marvel and Transformers action figures in emerging markets such as Latin America and the Asia Pacific region. Hasbro's results were stronger than those of larger rival Mattel Inc, which last week posted its fourth straight quarterly fall in sales.
Oct 20- Hasbro Inc, the second-largest U.S. toymaker, reported a 43 percent jump in quarterly profit, helped by higher demand for its Transformers, Marvel and Stars Wars action figures in emerging markets such as Latin America and the Asia Pacific region. Sales of boys' toys, Hasbro's largest business, rose 22 percent to $478.5 million, helped by higher sales of Nerf...
Oct 20- Hasbro Inc, the second-largest U.S. toymaker, reported a 43 percent jump in quarterly profit, helped by higher international sales, particularly in Latin America and the Asia Pacific region. Net income attributable to Hasbro rose to $180.5 million, or $1.40 per share, in the quarter ended Sept. 28, from $126.6 million, or 96 cents per share, a year earlier.
PAWTUCKET, R.I.— Hasbro Inc. on Monday reported third-quarter profit of $180.5 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.47 per share. Hasbro shares have dropped 2 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed 2 percent.
NEW YORK— Mattel's got girl problems and her name is Barbie. Mattel reported Thursday that Barbie sales fell 21 percent for the three months ended Sept. 30, even sharper than the 15 percent drop in the second quarter. Heightening tensions even more, Mattel's rival Hasbro Inc. recently landed the rights for dolls from the blockbuster Disney movie "Frozen," a coveted...
In January, Mexico said it had launched a probe of 270 companies, with a focus on seven, for allegedly exploiting legal tax loopholes that have leaked income out of Mexico for years. Reuters reported last month that the world's largest household products maker, Procter& Gamble, and No. 2 toymaker, Hasbro, were at the heart of the probe, which could cost the firms...
Oct 6- Goop, the lifestyle blog and online shopping site founded by actress Gwyneth Paltrow in 2008, named a new chief executive officer on Monday to spearhead an e-commerce expansion that includes Goop-branded apparel. Lisa Gersh, who was previously CEO and president of Martha Stewart Living Omnimedia and co-founder of Oxygen Media, will expand the site's...
Sean McGowan, Needham & Company, reveals his play on the toy makers after Disney announces it will shift the rights for "Frozen" dolls from Mattel to Hasbro.
Take a look at some of Wednesday's midday movers.
Wal-Mart Stores Inc, Toys R Us Inc and industry magazine Toy Insider have all picked the just-launched toy for their closely watched annual gifting guides.
Super Awesome Me uses 3-D printing technology to turn your kid into a superhero action figure.
Discovery plans to rebrand its Hub Network—the kids channel it co-owns with Hasbro—as Discovery Family, in an attempt broaden its ad prospects.
Some of the names on the move ahead of the open.
Sept 17- Discovery Communications Inc is seeking a controlling interest in The Hub, reducing partner and toymaker Hasbro Inc's share of the children's cable TV network, the Wall Street Journal reported on Wednesday, citing sources familiar with the matter.
Miniclip is hoping to fetch up to $400 million and could draw interest from "Candy Crush Saga" maker King Digital Entertainment, said the sources who declined to be named because the matter is confidential. It founders had previously been in talks to sell to Walt Disney Co. and "Farmville" creator Zynga, but no deal was struck, the sources added.
Hasbro doesn't toy around when it comes to R&D. A look inside the art of innovation with My Little Pony, Mr. Potato Head and Play-Doh.
Some of the names on the move ahead of the open.
The CNBC RQ 50 identifies companies that don't just spend big on R&D, but spend right, creating return on innovation for shareholders.