Hasbro Inc. Toys based on the movie “Marvel’s The Avengers” are on Target Corp.’s shelf. Store in Union, New Jersey, USA on Wednesday, August 1st. 22, 2012.
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Check out the companies that made the headlines in Tuesday’s mid-day trade.
Hasbro — Shares of the toy company fell 2.3% after the company reported third-quarter earnings didn’t meet expectations. CEO Chris Cocks blamed “increased price sensitivity” among consumers and overstocks.
sales team — Shares of Salesforce rose 5.2% after Starboard Value announced to CNBC that it had acquired a “significant” stake in the software giant. Starboard founder Jeff Smith didn’t reveal the exact amount, but said he saw a huge opportunity after shares fell more than 40% this year.
Carnival Company — Shares of the cruise company soared more than 12% after one of Carnival’s subsidiaries began offering $1.25 billion of 2028 priority shares. The company plans to use the offer’s net proceeds to make principal payments on debt and other general payments. company expenses according to a regulatory filing. Norwegian Cruise Line Holdings and Royal Caribbean also rose 8.8% and 7.6%, respectively, according to the news.
Goldman Sachs — Goldman Sachs rallied 3% after better-than-expected trading results beat third-quarter analysts’ earnings and revenue expectations. The company also announced a corporate restructuring that merges the firm’s four main divisions into three.
Aim — After Jefferies upgraded Target to buyout, the retailer’s shares rose 5% and said they could recover about 20% from current levels and benefit from both supply chain mitigation and improved inventory positioning.
Lockheed Martin – Shares of the aerospace company rose 8.5% after Lockheed reported third-quarter earnings of $6.87 per share excluding items; this was higher than Refinitiv’s estimate of $6.66 per share.
Amazon – Amazon added 2.7% after Citi said it would perform well in both scenarios, after calling it the top pick for both a hard and soft economic landing.
XPO Logistics — XPO Logistics fell 1.7% after the freight carrier posted disappointing first-quarter results ahead of earnings release. The company said on Monday it expects revenue to come in lower than analysts expected, but earnings before interest, taxes, depreciation and amortization will be higher. The company released its October reports. 31.
Nordstrom — Shares of the retailer rose more than 3% after the company’s chief financial officer, Anne Bramman, announced she would step down in December. Nordstrom began its search for a successor and said chief accounting officer Michael Maher would take over the role on an interim basis.
Cheers — Wood pellet producer rose 4.7% after Raymond James said his value as a more environmentally and socially responsible energy provider had been misunderstood.
– CNBC’s Carmen Reinicke, Alex Harring, and Michelle Fox contributed reporting