Hasbro, Inc, Halliburton Company Post In-Line Earnings Results

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Hasbro, Inc. (NASDAQ:HAS) and Halliburton Company (NYSE:HAL) released the earnings results from their most recently completed quarters. Hasbro posted earnings of 36 cents per share on $829.3 million in revenue. Analysts had been expecting the toy maker to report earnings of 36 cents per share, excluding items, on $839 million in revenue.

Halliburton reported earnings of 91 cents per share on $8.1 billion in revenue, a new record. Analysts had been expecting the company to report earnings of 91 cents per diluted share on $7.88 billion in revenue. Earnings were 73 cents per diluted share, while revenue was $7.3 billion in the previous quarter.

Breaking down Hasbro’s earnings

Hasbro reported an 8% year over year increase in revenues, including a 17% increase in its International segment and a 35% increase in Entertainment and Licensing revenues. The toy maker recorded a 36% increase in Franchise Brand revenues, a 32% increase in Boys category revenues and a 10% increase in Girls category revenues.

The company reported a $1.2 million negative impact from foreign exchange rates and a negative tax adjustment of 10 cents per share. Reported earnings were 26 cents per diluted share. That’s compared to 28 cents per diluted share in the same quarter a year ago.

Hasbro closed a $600 million notes offering and refinanced $425 million in debt, saying that it had the lowest coupon rate in its history. The toy maker also bought back 2.5 million shares of its common stock for $136.3 million at an average price of $54.06 per share.

Breaking down Halliburton’s earnings

Halliburton recorded $4.9 billion in Completion and Production revenue, a 12% quarter over quarter increase that was driven by greater stimulation activity in the U.S. land market and also international growth. Drilling and Evaluation revenue rose 6% sequentially to $3.1 billion, driven by higher fluid and wireline services in the U.S. and Eastern Hemisphere. Halliburton invested another $15 million in strategic projects and expects those costs to wind down over the rest of the year.

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