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This Quarter's Sentiment:
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SocialPicks Community
Bearish on HAS ...
HAS
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+0.32%
in
19 days
(closed on 06/27/07)
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From the Blogosphere
Viacom does well in Q3, but there is still work to be done
Filed under: Earnings reports, General Electric (GE), Time Warner (TWX), Walt Disney (DIS), Viacom (VIA), Sony Corp ADR (SNE), News Corp'B' (NWS), Hasbro Inc (HAS), Media World  Viacom (NYSE: VIA), a content player in competition with News Corp. (NASDAQ: NWS), Time Warner (NYSE: TWX), Sony (NYSE: SNE), and General Electric's (NYSE: GE) NBC Universal, issued Q3 numbers today. If we had a different market on our hands, I think the stock would have reacted better to the news. Revenues were down 3%, but adjusted income rose 25% to 69 cents per share. According to Bloomberg, the bottom line came i...
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Earnings highlights: Boeing, Coca-Cola, eBay, Microsoft, Pfizer, UAL, Yahoo! ...
Filed under: Earnings reports, Microsoft (MSFT), Yahoo! (YHOO), Apple Inc (AAPL), eBay (EBAY), Pfizer (PFE), Coca-Cola (KO), AT and T (T), Altria Group (MO), BB and T (BBT), Boeing Co (BA), duPont(E.I.)deNemours (DD), Hasbro Inc (HAS), AMR Corp (AMR), UAL Corp (UAUA), Wells Fargo (WFC) Here are some highlights from last week's earnings coverage from BloggingStocks: <> Altria Group Inc. (NYSE: MO) Q3 earnings beat by a penny but sales fell short of expectations; shares fell. AMR Corp. (NYSE: AMR) reported a Q3 net loss and plunging revenue but also raised $4 billion in cash. <><><>BB&T Corp...
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Hasbro Q3: Easily Beats, Positioned Well for Year-End
Hasbro Inc.’s (HAS) third quarter earnings of 99 cents per share were well ahead of the Zacks Consensus Estimate of 91 cents, reflecting a drop in costs and demand for its movie-based toys. The company had earned 89 cents per share in the year-ago period.
Net revenues for the quarter decreased 1.7% to $1.28 billion from the prior-year quarter. Excluding the adverse impact from a stronger dollar, revenues were up 1% in the quarter. Results reflected challenging economic environment, though the Transformers and G.I. Joe experienced strong demand.
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Wall Street didn't want to play with Hasbro after Q3 results
Hasbro Balance Sheet Issues
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Hasbro (HAS) came in with some weak numbers but banged their fists on the table and said the brands are strong even if sales are down. They have refinanced some short term liabilities into long term debt. But their cash position is down. Sales have dropped but receivables are up significantly and inventories are down. So what does this mean for Christmas if the inventories are down? Their customers are starting to drag out payments and Hasbro is trying to protect itself with lower inventories. Not good. What is worse management just keeps serving up the brands are strong mantra.
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