PRE-MARKET - Hasbro, Kamada, Kimberly Clark, Halliburton Company

A look at some notable movers before the bell in New York on Monday, April 23

Toys R Us
Hasbro said Toys R Us had impacted earnings

US stocks point to a mixed open on Monday after closing sharply lower on Friday.

The Dow Jones closed over 201 points lower on Friday at 24,462, and today Dow futures are down four points.

S&P 500 futures are flat, while Nasdaq futures are up nearly five points.

Ahead of the bell, a notable stock in play is Hasbro Inc (NASDAQ:HAS), which shed over 8.6% to US$75.65 as it posted weaker-than-expected earnings following the well-flagged liquidation of games and bikes giant Toys R Us.

The games maker warned in February that the fall-out from the bankruptcy would weigh heavily on the brand for the first two quarters of 2018.

First quarter EPS (earnings per share) came in at 10 cents versus the 33 cents, which was expected.

Elsewhere, Kamada Ltd (NASDAQ:KMDA) dropped 1.09% to US$4.55 as it revealed it had not been able to resolve the Food and Drug Administration's (FDA) concerns about the safety of its therapy - inhaled Alpha-1 Antitrypsin.

It all adds up to a delay to a phase 3 clinical trial planned for the second half of the year.

Meanwhile, Kimberly Clark Corp (NYSE:KMB) shares  surged 2.47% in pre-market to US$ 102.50 as it posted net sales of US$4.7bn, 5% more than the year ago period.

Chairman and chief executive Thomas J. Falk said: "I'm encouraged by the 2 percent organic sales growth we delivered in the first quarter, led by improved performance in North America.

"We also generated US$90mln of cost savings, reduced discretionary spending and returned approximately US$550mln to shareholders through dividends and share repurchases.

Halliburton Company (NYSE:HAL) shares slipped 0.27% in pre-market despite the oil services titan reported a 34% rise in first-quarter revenue as rising crude prices prompted North American companies to boost oil and gas production.

         Halliburton reported a 34% jump in first-quarter revenue on Monday as rising oil prices prompted North American companies to boost oil and gas production.

         -Salus Mentis (@SalusMentis) 23 April 2018

Quick facts: Hasbro

Price: 83.4 USD

Market: NASDAQ
Market Cap: $11.43 billion

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...


FenixOro Gold continues aggressive drill program at their Abriaqui Project...

FenixOro Gold (CSE: FENX-OTCQB: FDVXF) CEO John Carlesso joined Steve Darling from Proactive to bring details about their drilling program that is ongoing at their gold silver and copper project in Colombia. That project is called Abriaqui and sits along a very mineralized belt. Carlesso...

4 hours, 5 minutes ago

2 min read