Hasbro, Salesforce, Carnival, Lockheed Martin & more

Hasbro Inc. toys based on the movie ‘Marvel’s The Avengers’ are seen on a shelf at a Target Corp. store in Union, New Jersey, Wednesday August 22, 2012.

Bloomberg | Bloomberg | Getty Images

Check out the companies making headlines Tuesday afternoon.

Hasbro — Shares of the toy company fell 2.3% after the company reported third-quarter earnings that fell below expectations. CEO Chris Cocks blamed consumers’ “increasing price sensitivity” and inventory levels.

Foreclosure – Salesforce shares surged 5.2% after Starboard Value told CNBC it had taken a “significant” stake in the software giant. Starboard founder Jeff Smith didn’t disclose the exact amount, but said he sees a huge opportunity after shares have fallen more than 40% this year.

Also Read :  How tech skills can get you an annual salary of up to over $204,000

Carnival Corporation — Shares of the cruise line surged more than 12% after one of Carnival’s subsidiaries began an offering of $1.25 billion of senior senior notes due 2028 for corporate issues, according to a regulatory filing. Norwegian Cruise Line Holdings and Royal Caribbean also rose 8.8% and 7.6%, respectively, following the news.

Goldman Sachs — Goldman Sachs rose 3% after beating analysts’ expectations for third-quarter earnings and revenue on better-than-expected trading results. The company also announced a corporate reorganization that will consolidate the company’s four main divisions into three.

target – Shares of the retailer rose 5% after Jefferies upgraded Target to buy from hold and said it is recovering about 20% from current levels and on both an easing of supply chain problems and could benefit from improved stock positioning.

Also Read :  How Geekflare is Helping Individuals and Businesses Scale to Enterprise Heights with Reliable APIs

Lockheed Martin — Shares of the aerospace company rose 8.5% after Lockheed reported third-quarter earnings of $6.87 per share excluding special items, higher than a Refinitiv estimate of $6.66 per share .

Amazon – Amazon rose 2.7% after Citi named it a top pick for both a hard and soft economic landing and said it would do well in both scenarios.

XPO logistics — XPO Logistics fell 1.7% after the freight transport company released disappointing preliminary quarterly results ahead of its earnings release. The company said Monday it expects earnings to be lower than analysts had expected but earnings before interest, taxes, depreciation and amortization to be higher. The company reported on October 31.

Also Read :  European businesses are rethinking their plans for a 'closed' China

north current — Shares of the retailer rose more than 3% after the company announced that its chief financial officer, Anne Bramman, will step down in December. Nordstrom has begun searching for her successor and said chief accounting officer Michael Maher will fill the role in the meantime.

Enviva — The wood pellet maker rose 4.7% after Raymond James said its value as an environmentally and socially responsible energy company was misunderstood.

– CNBC’s Carmen Reinicke, Alex Harring and Michelle Fox contributed coverage

Source

Leave a Reply

Your email address will not be published.