Market Updates
Movers: J&J, Travelers, Hasbro, Lockheed Martin
Barry Adams
19 Apr, 2022
New York City
Johnson & Johnson said first-quarter revenues rose 5% from a year ago, below the market expectations, but earnings declined 17% to $1.93 a share, above the market estimate.
Travelers fell 3% after the financial services company said quarterly revenues increased 45% to $4.15 a share.
Lockheed Martin declined 1% after the defense contractor said quarterly revenues declined 8% to $15 billion and reaffirmed 2022 cash flow outlook of $6 billion.
Hasbro gained 4% after the toy maker said revenues rose 4% to $1.2 billion but earnings plunged 47% to $61.2 million.
Annual Returns
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Earnings
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