During Wednesday’s trade, Shares of Hasbro, Inc. (NASDAQ:HAS), gained 0.81% to $73.53.
Hasbro, stated financial results for the third quarter 2015. Net revenues for the third quarter 2015 were $1.47 billion, flat with $1.47 billion in 2014. Absent a negative $132.4 million impact from foreign exchange, net revenues raised 9%.
Net earnings for the third quarter 2015 were $207.6 million, or $1.64 per diluted share, contrast to $180.5 million, or $1.40 per diluted share, in 2014. Adjusted net earnings for the third quarter 2015 were $200.5 million, or $1.58 per diluted share. These exclude a pre-tax gain of $9.9 million, or $0.06 per diluted share, from the sale of the Company’s manufacturing operations in East Longmeadow, MA and Waterford, Ireland. This contrast to adjusted net earnings for the third quarter 2014 of $187.8 million, or $1.46 per diluted share, which excluded a pre-tax charge of $11.6 million, or $0.06 per diluted share, related to the restructuring of the Company’s investment in its television joint venture.
“Strong global consumer demand across Hasbro Franchise Brands and Partner Brands drove continued momentum in our business,” said Brian Goldner, Hasbro’s Chairman, President and Chief Executive Officer. “Brand innovation and superior market execution delivered not only underlying revenue growth, but higher profitability in a very challenging foreign exchange environment. We have innovative play experiences and marketing initiatives across brands, demographics and geographies this holiday season and remain focused on executing and investing for continued growth in future years.”
Hasbro, Inc., together with its auxiliaries, provides children’s and family leisure time products and services worldwide. The company’s product offerings comprise various toys comprising boys action figures, vehicles and playsets, girls toys, electronic toys and games, plush products, preschool toys and infant products, electronic interactive products, creative play, and toy-related specialty products.
Shares of Bill Barrett Corporation (NYSE:BBG), declined -4.41% to $4.99, during its current trading session.
Bill Barrett Corporation, declared that its third quarter 2015 financial and operating results press release will be issued after market close on Thursday, November 5, 2015. The Company will host a conference call to discuss the press release on Friday, November 6, 2015, at 10:00 a.m. EDT (8:00 a.m. MDT).
Bill Barrett Corporation, an independent energy company, acquires, explores for, and develops oil and natural gas resources in the United States. It primarily holds interests in the Denver-Julesburg basin, the Uinta oil program in the Uinta Basin, and the Gibson Gulch area in the Piceance basin in the Rocky Mountain region of the United States.
Finally, Shares of M&T Bank Corporation (NYSE:MTB), gained 0.42%, and is now trading at $115.99.
M&T Bank Corporation, declared that it has declared a quarterly cash dividend of $.70 per share on its common stock. The dividend will be payable December 29, 2015 to shareholders of record at the close of business on October 30, 2015. M&T’s Board of Directors made the determination to select this record date as a reasonable means to offset a portion of the expense that M&T will assume, and to assist in fully satisfying its obligations under, the consent order reached by Hudson City Savings Bank with the Consumer Financial Protection Bureau and the U.S. Department of Justice. The acquisition of Hudson City Bancorp, Inc. (“Hudson City”) is planned to close on or about November 1, 2015. Shareholders of Hudson City have until 5:00 p.m., Eastern Daylight Time, on Friday, October 30, 2015 to elect the form of consideration they wish to receive in the transaction, or to change a preceding election.
In addition, M&T has declared quarterly cash dividends of $15.9375 per share on each of its Series A (NYSE:MTBPr) and Series C (NYSE:MTBPrC) preferred stock. The dividends will be payable November 16, 2015 to shareholders of record at the close of business on November 2, 2015.
M&T Bank Corporation, a bank holding company, provides commercial and retail banking services. The company’s Business Banking segment offers deposit, lending, cash administration, and other financial services to small businesses and professionals. Its Commercial Banking segment provides commercial lending and leasing, letters of credit, deposit products, and cash administration services to middle-market and large commercial customers.
