Ford Convenes Emergency Meeting and 4 Hot Stocks Making Waves
Hasbro (NYSE:HAS) reports third-quarter EPS of $1.28 on net income of $169.8 million. Net revenues rose 1% to $1.39 billion. Segment wise, operating profit in the US and Canada rose 20%, while the International and the Entertainment & Licensing segments fell by 15% and 30% respectively.
Ford (NYSE:F) has convened an emergency meeting with unions at its Genk plant in Belgium on Wednesday. No agenda has been specified, and the unions fear the worst including an announcement of a closure of the plant. The assembly plant employs 4,300 workers.
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Nexen, Inc. (NYSE:NXY): Shares of Nexen Inc. fell 11%. The Canadian government over the weekend blocked a $5.2 billion buyout offer by a Malaysian state company for Progress Energy Resources Corp. The move is an indication of Canada’s approach to investment by foreign state-owned companies and comes as a Chinese state-owned firm has proposed to buy Nexen in a $15.1 billion deal.
SunTrust Banks (NYSE:STI) reports third-quarter EPS of $ 1.86 which is ahead of market expectations by $ 0.02.
Sierra Bancorp (NASDAQ:BSRR) reports third-quarter EPS of $ 0.12 which misses estimates by $ 0.04.
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