Hasbro, UMG, Keurig DrPepper: Earnings in review

Shares of Hasbro (HAS) are moving higher after the company posted a huge profit in Q2, reporting $1.22 per share, blowing away estimates of $0.77. The company reported revenue of $995.3 million, which topped expectations but was down 17.7% compared to the same period last year.

Shares of Universal Media Group (UMGNF, UMG.AS) are dropping after the company posted disappointing second quarter results, with lower-than-expected streaming and subscription revenue. Subscription revenue growth slowed to 6.9% from 12.5% in the previous quarter.

Keurig DrPepper's (KDP) stock is rising after the company posted Q2 adjusted earnings of $0.45 per share, which was in line with estimates. The company got a boost from soda price hikes.

Morning Brief Anchors Jared Blikre and Seana Smith break down the latest developments with these companies and how they may operate moving forward.

For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

This post was written by Nicholas Jacobino

Video Transcript

All right, let's get to three other big earnings report.

We're watching Hasbro Universal Music Group and Caring Doctor Pepper Hasbro share moving higher after beating profit expectations thanks to its digital gaming segment in the second quarter.

And just looking at some of the commentary surrounding this and we did have a, uh, we did have the opportunity to discuss some of this offline.

You know, this is really about Wizards, Dungeons and Dragons.

Excuse me, Dungeons and Dragons Magic The gathering.

This is where their strongest suits lie.

And here's a comment from Bloomberg Intelligence Management.

Steady projection for a 4 to 6% adjusted operating margin for toys this year still looks challenging.

All right, well challenging as well for our next name.

And that's a universal music group.

Moving to the downside after subscription and streaming revenue growth disappointed investors in their latest quarter, off the low as well off the lows that we've seen here following this report, but again, a drop of just about 8% when it comes to the streets reaction.

You're seeing City, Barclays and Guggenheim all neutralising the rating city out, saying that this undermines what had been as defensive growth credentials here.

Some of the issues within this report looking at different in terms of those expectations second quarter streaming and subscription kind of currency growth meaningfully below the street's expectations.

Selling off as a result, yes, and got a hit carried Dr Pepper in the green after soda price.

Increased soda prices increasing.

Helped drive.

Excuse me, help drive higher sales in its second quarter, and I do have some commentary by Bernstein.

They rate an out form with a price target of 39.

Revenue and organic growth came in roughly in line with consensus expectations.

Which quote may come as something of a relief?

And that's after disappointments came from Pepsico and uh, also home and personal care companies.

So really not feeling the pressure that some of its rivals are at KDP?