Blackberry bounces back, Hasbro's hot revenue numbers & SAP slides on lower forecast

Blackberry (BBRY), the money-losing company formerly known as Research in Motion, is getting a boost to the tune of 6% today after CEO John Chen said the company’s newest phone, the Passport, is selling out in some areas. The Passport, geared towards business customers, is just one of the devices Chen is banking on to return the company to profitability. Blackberry has lost significant market share to rival Apple in recent years. Apple (AAPL) by the way reports earnings after the close today.

Shares of German software maker SAP SE (SAP)  are sinking after the company cut its annual profit outlook and now expects to earn as much as €7.4 billion euros. SAP telling investors to expect some pressure on the financials as it transitions to more cloud-based products. As for the current quarter, results jumped 15-percent helped by solid subscriber growth. The company also disclosed a slight benefit from the weaker euro in the quarter, but that is expected to reverse in the fourth quarter. Shares of SAP have lost over 18-percent this year.

Finally, toymaker Hasbro (HAS) is a hot stock today rising more than 3-percent after third-quarter revenues grew across all operating segments equating to revenue growth of over $1.4 billion dollars. In the U.S., growth was strong in both Boys and Games, which helped offset a decline in the Girls and Preschool categories. CEO Brian Goldner telling investors he’s excited about the company’s new merchandising relationship with Disney which includes the widely popular Disney Princess and Frozen properties. Mattel (MAT) didn't fare so well last week after quarterly sales showed Barbie ain't cutting it anymore for little girls.

Those are your Trending Tickers today. Tell us what stocks you're watching on Twitter using the hashtag #TrendingTickers.

More From Yahoo Finance:

Apple Pay may spark mobile wallet war with Google, eBay & Alibaba

IBM's Big Blues

Gold takes center stage amid global rut

 

 

 

 

 

 

 

 

Advertisement