Hasbro, Inc. And Halliburton Company Top Earnings Estimates

Hasbro, Inc. (NASDAQ:HAS) and Halliburton Company (NYSE:HAL) released their latest quarterly earnings report before opening bell this morning. Hasbro edged out analyst estimates for earnings and was in line with revenue estimates, while Halliburton beat earnings and revenue estimates by a meaningful margin.

Hasbro’s earnings report

Hasbro reported third quarter adjusted earnings per share of $1.46 on $1.47 billion in revenue. Analysts had been expecting earnings of $1.44 per share on $1.47 billion in revenue. Reported earnings per share were $1.40, compared to last year’s earnings per share of 96 cents. The toy maker reported revenue of $1.37 billion in the same quarter a year ago.

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The company reported that revenue in all its major operating segments increased, including the U.S. and Canada, International and Entertainment and Licensing divisions. Hasbro reported a 29% increase in emerging markets revenues.

Revenues from the Franchise Brand segment increased by 36% as all seven of the company’s brands saw revenues rise in the third quarter. Revenues from Boys, Girls and Games all rose in the quarter. Hasbro saw growth in its Nerf, Transformers, Star Wars and Marvel branded toys. In the Girls category, My Little Pony, Nerf Rebelle, Furreal Friends, Littlest Pet Shop and Play-Doh Dohvinci branded products drove growth, although declines in the Furby toys partially offset those gains.

Hasbro saw a 7% decline in revenues from its Preschool toys as declines in Playskool and Sesame Street toys more than offset gains in Play-Doh and Transformers Rescue Bots.

The toy maker handed out $54.7 million in dividends to shareholders during the quarter and bought back 2.4 million shares for $124.5 million at an average price of $52.56 per share.

Halliburton’s earnings report

Halliburton posted adjusted earnings of $1.19 per share on $8.7 billion in revenue. Analysts had been expecting earnings of $1.10 per share on $8.53 billion in revenue. Reported earnings per share, which include discontinued operations, were $1.41, compared to 79 cents per share in the same quarter a year ago. Revenues were $7.5 billion last year. Excluding discontinued operations, reported earnings were $1.33 per share.

 

Halliburton also said this morning that it is increasing its quarterly dividend 20%, bringing it to 18 cents per share.