Hasbro and Halliburton Net Swings to Profit

Mukesh Buch
21 Apr, 2014
New York City

Halliburton and Hasbro net swung to a profit. Hillshire Brands agreed to acquire Van''s Natural Foods for $165 million. Kimberly Clark net rose 1%. Pfizer plans in acquire AstraZeneca for

[R]12:15 PM New York – Halliburton and Hasbro net swung to a profit. Hillshire Brands agreed to acquire Van''s Natural Foods for $165 million. Kimberly Clark net rose 1%. Pfizer plans in acquire AstraZeneca for £60 billion. TreeHouse agreed to acquire Protenergy for $150 million.[/R]

Halliburton Company ((HAL)) climbed 3.5% or $2.13 to $63.03 after the oilfield services provider reported revenue in the first-quarter ending in March jumped 5.4% to $7.35 billion.

Net in the quarter swung to a profit $622 million or 73 cents a diluted share compared to a loss of $18 million or 2 cents.

Hasbro, Inc ((HAS) gained 1.3% or 69 cents to $55.35 after the entertainment services provider said net revenue in the first-quarter ending in March rose 2% to $679.5 million.

Net in the quarter swung to a profit $32.09 million or 24 cents a diluted share compared to a loss of $6.67 million or 5 cents.

Hillshire Brands Co ((HSH)) fell 26 cents to $35.85 after the food products maker agreed to acquire waffle and cereal maker Van''s Natural Foods from private-equity firm Catterton Partners for about $165 million. The deal expected to close in May.

Kimberly Clark Corp ((KMB)) slipped 63 cents to $111.91 after the sanitary products maker reported net sales in the first-quarter ending in March fell 1% to $5.28 billion.

Net income in the quarter rose 1.3% to $538 million or $1.41 a diluted share compared to $531 million or $1.36.

Lennox International Inc ((LII)) declined 5.4% or $4.83 to $84.46 after the climate control solution provider stated revenue in the first-quarter ending in March increased 4% to $695.4 million.

Net income in the quarter surged 148.7% to $19.9 million or 40 cents a diluted share compared to $8 million or 16 cents.

Pfizer Inc ((PFE)) gained 1.3% or 39 cents to $30.64 after the report published by London-based Sunday Times said biopharmaceutical company is planning in acquire U.K.-based drug-maker AstraZeneca Group Plc has a offer for £60 billion or $101 billion.

In a pre-market, share of AstraZeneca climbed 6.3% to $67.50 per share.

SunTrust Banks, Inc ((STI)) jumped 1.9% or 72 cents to $38.67 after the financial service provider stated total revenue in the first-quarter ending in March dropped 4% to $2.03 billion.

Net income in the quarter climbed 15% to $405 million or 73 cents a diluted share compared to $352 million or 63 cents.

TreeHouse Foods Inc ((THS)) slid 26 cents to $71.89 after the fruit and vegetable processing company agreed to acquire Canada-based food and beverage company Protenergy Natural Foods for about $150 million.

TreeHouse forecasted adjusted earnings per share for the first-quarter between 77 cents and 80 cents and sales to climb about 15% to $619 million.