Hasbro ( HAS) is trending as toy company reported its third-quarter results. Hasbro reported sales that missed expectations, but over-delivered on profit, topping expectations thanks to improved inventory management. Hasbro reported net income that fell 4% in the quarter on weak sales of toys targeted at young boys and preschoolers. But adjusted results still topped forecasts. The company reported adjust earnings of $1.28 per share, while analysts expected profit of $1.20 per share. The company said it plans to increase its marketing efforts heading into the holiday season and remains confident heading into the fourth quarter.
Ancestry.com ( ACOM) is another popular search. The genealogy Web site said it has agreed to a buyout offer from private equity firm Permira for $1.6 billion, or $32 a share, in cash. Ancestry.com said CEO Tim Sullivan and COO Howard Hochhauser will keep a majority of their equity stakes, and Spectrum Equity, currently a 30% holder in the company, will remain an investor as well. The company said Spectrum Equity has said it will vote in favor of the deal.
The chatter on Main Street (a.k.a. Google, Yahoo! and other search sites) is always of interest to investors on Wall Street. Thus, each day, TheStreet compiles the stories that are trending on the Web, and highlights the news that could make stocks move. -- Written by Brittany Umar.