Hasbro Jumps on Jurassic World Sales; Crude Oil Pressures Markets
Toymaker Hasbro (HAS) rallied in midday trading Monday after beating quarterly estimates on strong sales tied to movie franchises 'Jurassic World' and 'Star Wars.'
Toymaker Hasbro (HAS) rallied in midday trading Monday after beating quarterly estimates on strong sales tied to movie franchises 'Jurassic World' and 'Star Wars.' Overall revenue did fall though, pressured by a 9% decline in international sales due to the strong dollar. Stocks were caught in limbo, bouncing in a tight range from positive to negative. Markets were lost for direction as earnings continued to please, while crude prices continued to crater. Oil was lower again on Monday, extending losses after closing its worst week since April. Crude was barely hanging onto its $50-a-barrel level, pressured by a U.S. dollar hovering at three-month highs. Halliburton (HAL) climbed after beating on its top- and bottom-line.









