For Better or Worse, These Stocks are Moving Markets Right Now
There was no case of the Mondays as the Dow (NYSE:DIA) rose above 12,100. Here are the stocks that traders are making money on, before and after the bell.
1) Hasbro (NASDAQ:HAS): Shares remain positive as the company reports a 16 percent profit drop for the fourth quarter. Net earnings decreased to $140 million (99 cents per share), compared to $165.6 million ($1.09 per share) in last year’s same period. Although earnings decreased, the company still beat analysts estimates of 93 cents per share.
2) Lorillard (NYSE:LO): Shares traded up nearly 2% as the company released record breaking earnings and sales. The company reported fourth quarter net earnings of $259 million ($1.74 per share). Last year, the company reported $242 million ($1.52 per share). It should be noted that earnings were also helped by the company’s share repurchase program, which bought back $285 million worth of shares in the fourth quarter.
3) Becton, Dickinson and Company (NYSE:BDX): After the bell, shares declined more than 3% as the Buffett owned medical supply company delivered earnings. Revenue for the most recent quarter fell 1.4% to $1.84 billion. Analysts were expecting revenue of about $1.89 billion.
4) Principal Financial Group (NYSE:PFG): The company reported after the bell on Monday, and shares took a beating of 4.39% in after market trading. Net earnings for the most recent quarter were $199.3 million (62 cents per share), compared to $141.9 million (44 cents per share) last year. Investors appeared concerned as the company reported a $24.6 million loss due to commercial mortgaged backed securities.
Disclosure: No positions
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