Yahoo Finance Twitter posts big beat, Hasbro shines, Target recalls toys
Here are the companies Yahoo Finance is watching today.
A blockbuster quarter at Twitter (TWTR). It beat on earnings and revenue while posting a huge increase in user growth. Monthly active users soared by 9 million, while most analysts were expecting a decline. This is the last quarter in which Twitter will report those numbers, switching instead to reporting daily active users who can receive ads in Q2.
A big quarter at Hasbro (HAS). The toymaker posted a surprise profit and saw revenue grow by more than 2%. The CEO says that's thanks to improving results in the U.S. and Europe, plus the benefits of recent cost-cutting moves. It's a marked improvement from a year ago, when Hasbro was hit hard by the shutdown of Toys “R” Us.
Target (TGT) is recalling nearly half-a-million wooden toys because of a choking risk. The toys sold under the "Bullseye's Playground" label have tiny wheels that can detach. There are no reports of injuries so far, but the Consumer Product Safety Commission says the toys should be taken away from kids and returned. Target will take them back for a full refund.
PG&E (PCG) is making changes to its board of directors after settling a dispute with investor Blue Mountain Capital Management. The company is set to replace its chairman with another director with utility experience and is adding a safety specialist to advise its chief executive. The appointments are expected to end an activist campaign from Blue Mountain, which owns 2.5% of PG&E shares.
GoDaddy (GDDY) is looking to bring Sellbrite to WhatsApp users in India, according to reports from The Economic Times. Once live, the platform will allow small sellers to list products across online marketplaces like Amazon and eBay. This comes as the online web hosting company looks to increase its client base in the country.
