Hasbro, UPS, WeWork, SiriusXM, Disney: Companies to Watch

Yahoo Finance


Here are the companies the Yahoo Finance team is watching for you today.

A big earnings miss at Hasbro (HAS). The toymaker said quarterly profits fell 4.6% compared to a year ago on disappointing revenue of $1.58 billion. Hasbro blames tariffs tied to the U.S. China trade war for reduced revenues and increased expenses to deliver its products to retailers. Despite the weak report, Hasbro's CEO says the company is still on track to deliver profitable revenue growth in 2019.

UPS (UPS) managed to beat on both the top and bottom lines with its quarterly profit report. Strong demand for online shopping in the U.S. as well as shipping between businesses drove a 24% spike in next day air delivery. UPS also reaffirmed its full year earnings outlook.

WeWork's board has reportedly signed off on a plan to hand over control to its key backer, SoftBank (SFTBY). The Wall Street Journal says former CEO and founder Adam Neuman will get about $1.7 billion, and sell about a billion dollars of his stake in the company. He'll also step down from the board. SoftBank is taking over as WeWork faces a cash crunch and looks to shed jobs after its IPO was pulled.

Marvel and SiriusXM (SIRI) are partnering up. In a new deal, the two companies will create scripted and unscripted podcasts, live events, and regular talk shows. The deal signals SiriusXM's first move into the podcast landscape, and it will kick off in 2020.

Star Wars fans got a look at the final chapter of Disney's (DIS) "Skywalker" saga during Monday Night Football. The official "Star Wars: The Rise of Skywalker" trailer focused mainly on Rey and Kylo Ren, played by Daisy Ridley and Adam Driver. The movie is set to hit theaters on December 20. The Star Wars franchise will be a major component of Disney's streaming service.