Hasbro (HAS) Stock Holds Up Despite Miss, Expectations Muted
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Needham & Company Upgrades Hasbro (HAS) to Buy; Signs Games Are Strengthening And Visibility Is Increasing
July 23, 2013 8:00 AM EDTNeedham & Company is going against the grain and upgrading Hasbro (NASDAQ: HAS) from Hold to Buy with a price target of $52 following lackluster Q2. The firm notes while Q2 results fell short, only the boys segment showed weakness. The upgrade comes on signs that games are strengthening and visibility is increasing.... More
Hasbro (HAS), Disney (DIS) Expand Marvel, Star Wars Licensing Agreements
July 22, 2013 6:37 AM EDTHasbro, Inc. (NASDAQ: HAS) and The Walt Disney Company (NYSE: DIS) announced the two companies are expanding their strategic merchandising relationship for major Disney entertainment properties Marvel and Star Wars.
The Marvel amendment extends Hasbros global rights to Marvel characters for an additional two years running through... More
Hasbro (HAS) Misses Q2 EPS by 6c; Issues Update to Cost-Savings Plan
July 22, 2013 6:33 AM EDTHasbro, Inc. (NASDAQ: HAS) reported Q2 EPS of $0.29, $0.06 worse than the analyst estimate of $0.35. Revenue for the quarter came in at $766.3 million versus the consensus estimate of $793 million.
Revenues for Games up 19%; Girls up 43%; and Preschool up 4% in the quarter.
... More
