The U.S. stock market was flat in morning trading Monday, with concerns about President Trump's tweets addressing Iran.
Shares of Hasbro Inc. (HAS, Financial) jumped more than 13% on Monday morning after the company posted second-quarter earnings. Hasbro recorded earnings per share of 48 cents on revenue of $904.46 million, representing a 7.0% year-over-year decline. The company beat earnings estimates by 18 cents and revenue by $66.37 million.
In the second trimester, U.S. and Canada segment net revenues decreased 7% to $459.3 million compared to $494.4 million in 2017. The segment reported an operating profit of $76.2 million, or 16.6% of net revenues, compared to an operating profit of $81.6 million, or 16.5% of net revenues, the past year. International segment net revenues were $380.4 million, down 11%. Emerging markets net revenues decreased 9% in the quarter.
During the second quarter, the company repurchased 820,343 shares of common stock at a total cost of $74.1 million and an average price of $90.33 per share. In the first semester of 2018, the company repurchased 1.2 million shares of common stock at a total cost of $112.9 million and an average price of $90.50.
Gainers
• Universal Health Services Inc. (UHS, Financial)
• Mattel Inc. (MAT, Financial)
• Cintas Corp. (CTAS, Financial)
• Total System Services Inc. (TSS, Financial)
Losers
• Halliburton Co. (HAL, Financial)
• Micron Technology Inc. (MU, Financial)
• Albemarle Corp. (ALB, Financial)
• Applied Materials Inc. (AMAT, Financial)
Global markets
The main European stock markets traded in the red. The U.K.'s FTSE 100 retreated 0.20%, France's CAC 40 swelled 0.49%, Germany's Dax fell 0.20% and Spain's Ibex 35 slid 0.04%.
In Asia, markets closed in positive territory. Japan's Nikkei 225 lost 1.33%, but India’s BSE Sensex gained 0.61%, Hong Kong's Hang Seng advanced 0.11% and China's Shanghai Composite jumped 1.07%.
Disclosure: The author holds no positions in any stocks mentioned.
