Friday, January 25, 2013 6:06 pm
Netflix, Starbucks, Hasbro are market movers
The Associated Press
Hasbro Inc., down $1.14 at $37.31
Due to weak holiday demand, the toy maker's fourth-quarter revenue didn't meet expectations. It will cut 10 percent of its workforce.
Procter & Gamble Co., up $2.83 at $73.25
The consumer products maker said that its fiscal second quarter net income more than doubled and boosted its profit outlook.
Halliburton Co., up $1.91 at $39.72
The energy services company said that its net income for the fourth quarter fell 26 percent, but the results beat expectations.
Oshkosh Corp., up $6.50 at $41.08
The truck maker reported a 20-percent rise in fiscal first-quarter net income and boosted its guidance for the full year.
Starbucks Corp., up $2.24 at $56.81
Thanks to higher global sales, the coffee chain said its profit rose 13 percent in the latest quarter, meeting expectations.
Netflix Inc., up $22.70 at $169.56
The online video service's stock continued to rise after the company posted strong fourth-quarter results this week with a rise in subscribers.
Select Comfort Corp., down $5.04 at $23.16
The mattress maker posted fourth-quarter results that missed Wall Street expectations and it issued a disappointing full-year outlook.
Flextronics International Ltd., down 28 cents at $6.44
The electronics designer and maker said its third quarter net income fell on restructuring charges, and it posted a weak forecast.