Facebook Turns to Feature Phones, Hasbro’s Soft Quarter, and 3 More Hot Stocks
Facebook (NASDAQ:FB): While smartphone platforms have been hogging the spotlight, Facebook has managed to garner 100 million feature phone mobile users through its Facebook for Every Phone initiative. Feature phones are still big business in developing countries, as one in of eight of Facebook’s mobile users worldwide now regularly access the social network from more than 3,000 different feature phone models.
Hasbro Inc. (NYSE:HAS): Despite misses on both earnings per share (29 cents, missing by 5 cents) and revenue ($766.3 million, missing by $26.7 million), shares are up. The company reported operating profits of $76.6 million in the second quarter, or 10 percent of revenues, excluding the $2.5 million of pre-tax partial pension settlement charges associated with restructuring efforts. However, Hasbro did see growth across the vast majority of franchise brands, including My Little Pony, Magic: The Gathering, Play-Doh, Nerf, and Monopoly.
Halliburton Co. (NYSE:HAL): Shares are sliding slightly following the company’s quarterly report despite slight beats on both earnings per share and revenue. Revenue was driven by the Middle East and Africa, which saw gains of 12 percent. The company projects continued Eastern Hemisphere revenue growth in the mid-teens and improving margins over the next two quarters as U.S. land rig count is expected to remain flat in the third quarter, largely due to continuing trends of multi-well pad activity.
Crocs Inc. (NASDAQ:CROX): Crocs has been downgraded from Outperform to Neutral as the company’s “near-term risk/reward has become slightly less favorable.” One analyst said, “we are concerned that [second half] order book commentary could pressure sentiment as industry commentary regarding fall orders has been cautious.”
Google Inc. (NASDAQ:GOOG): Google is arranging to take a 6.3 percent stake in a subsidiary of Taiwanese chip company Himax Technologies (NASDAQ:HIMX) to better fund and finance the development of display technologies for head-mounted devices like Google Glass. The search engine giant has the option of expanding its holding in the company to 14.8 percent within a year, though financial details were not disclosed.