On Monday, Shares of Hasbro, Inc. (NASDAQ:HAS), added 7.43% and closed at $81.82 in the last trading session. HAS stock opened its last trade at $79.94 and after floating in a range of $79.11 to $82.82. The company’s Market capitalization is $10.20 Billion with the total Outstanding Shares of 125.41 Million. During the 52-week trading session the minimum price at which share price traded, registered at $64.91 and reached to max level of $88.53. Hasbro, Inc. (HAS) recently stated financial results for the third quarter 2016. Net revenues for the third quarter 2016 raised 14% to $1.68 billion as compared to $1.47 billion in 2015. Third quarter 2016 revenues include a negative $2.8 million impact from foreign exchange.
Net earnings for the third quarter 2016 raised 24% to $257.8 million, or $2.03 per diluted share, contrast to $207.6 million, or $1.64 per diluted share, in 2015. Adjusted net earnings for the third quarter 2015 were $200.5 million, or $1.58 per diluted share. These exclude a pre-tax gain of $9.9 million, or $0.06 per diluted share, from the third quarter 2015 sale of the Company’s manufacturing operations in East Longmeadow, MA and Waterford, Ireland.
“Innovative play experiences, engaging storytelling and global execution of Hasbro’s Brand Blueprint continues to drive consumer and retailer demand for our brand portfolio,” said Brian Goldner, Hasbro’s Chairman, President and Chief Executive Officer. “2016 has been a strong year, counting our third quarter – which marked the greatest revenue and earnings quarter in Hasbro’s history. We are well positioned for what we believe will be a good holiday season.”
“Throughout 2016 the Hasbro team has delivered strong financial performance, in terms of revenues and earnings growth, supported by a solid balance sheet enabling our business growth,” said Deborah Thomas, Hasbro’s Chief Financial Officer. “The strength of our business facilitated us to continue investing in growing Hasbro for the long term, while returning $112 million to shareholders in the quarter.”
Nokia Corp (ADR) (NYSE:NOK), jumped 0.40% and closed at $4.97 in the last trading session. NOK stock opened its last trade at $4.96 and after floating in a range of $4.94 to $4.49. The company’s Market capitalization is $29.47 Billion with the total Outstanding Shares of 5.77 Billion. During the 52-week trading session the minimum price at which share price traded, registered at $4.88 and reached to max level of $7.63. Nokia and STC have signed a contract to expand high-speed mobile broadband capacity and coverage in Saudi Arabia using Nokia’s 4.5G technology. The improved network will meet the ever-increasing demands of subscribers across the country, counting the millions of visitors who travel to the cities of Mecca and Medina each year, particularly during the Hajj and Ramadan seasons.
Nokia’s 4.5G technology leverages techniques such as carrier aggregation to optimize network resources and boost speeds to meet growing data demands. Data traffic has raised in Saudi Arabia following the expansion of 4G, with the network in Mecca and Medina in particular experiencing spikes in demand.
Nokia has already accomplished the first phase of the deployment in Mecca and Medina, where the company was asked to dramatically increase capacity. Using 4.5G technology, counting Saudi Arabia’s first indoor small cells deployment, STC managed the huge traffic demands during this year’s Hajj pilgrimage, which during peak times recorded a boost in 4G traffic of 600 percent contrast to 2015.
Nokia will continue to deploy its 4.5G macro and small cell radio access network and microwave packet radio technology to provide ubiquitous coverage and faster access to the Internet across the country. This will allow STC to launch new services and expand the delivery of voice-over-LTE (VoLTE) to more subscribers.