S&P 500 2,441.20 17.28
Gold$1,224.80 $5.30
Nasdaq 6,253.81 61.92
Crude Oil $60,490.00      $-1570.00
DAILY EARNINGS

Hasbro Net Soars; Morgan Stanley, PepsiCo, Grainger Net Tumble


Author: Mukesh Buch
ticker.com
Last Update: 2:53 AM ET April 18 2016

12:00 PM New York J B Hunt first-quarter net soared 9% to $100 million. Hasbro first-quarter net surged 83% to $49 million. Morgan Stanley first-quarter net tumbled 54% to $1.1 billion. PepsiCo first-quarter net plummeted 24% to $931 million. Grainger first-quarter net plunged 12% to $187 million.

Tollbooth Index rose 28.94 or 0.3% to 10,892.71.

Earnings Review

J B Hunt Transport Services Inc (JBHT), the logistics services provider said revenues in the first-quarter ending in March jumped 6% from a year ago to $1.53 billion.

Net income in the quarter soared 8.9% to $100.1 million or 88 cents per diluted share compared to $91.9 million or 78 cents per share from the same quarter last year.

Hasbro, Inc (HAS), the toys and games maker reported net revenues in the first-quarter ending in March soared 16% from a year ago to $831 million.

Net income in the quarter surged 83% to $48.8 million or 38 cents per diluted share compared to $26.7 million or 21 cents per share from the same quarter last year.

Lennox International Inc (LII), the climate control solution provider stated revenues in the first-quarter ending in March increased 4% from a year ago to $715.2 million.

Net income in the quarter jumped 79.1% to $24.9 million or 56 cents per diluted share compared to $13.9 million or 31 cents per share from the same quarter last year.

The company lifted earnings per share forecast to between $6.30 and $6.80 from the earlier estimated range between $6.10 and $6.60.

Morgan Stanley (MS), the banking and brokerage services provider said revenues in the first-quarter ending in March plunged 21.4% from a year ago to $7.8 billion.

Net income in the quarter tumbled 54.2% to $1.1 billion or 55 cents per diluted share compared to $2.4 billion or $1.18 per share from the same quarter last year.

PepsiCo, Inc (PEP), the food and beverage maker reported net revenues in the first-quarter ending in March slid 3% from a year ago to $11.9 billion.

Net income in the quarter plummeted 24% to $931 million or 64 cents per diluted share compared to $1.22 billion or 81 cents per share from the same quarter last year.

W W Grainger Inc (GWW), the industrial products distributor reported sales revenues in the first-quarter ending in March rose 3% from a year ago to $2.5 billion.

Net income in the quarter plunged 12% to $186.7 million or $2.98 per diluted share compared to $211 million or $3.07 per share from the same quarter last year.
  1
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc