Heres a look at some of the stocks the Yahoo Finance team will be watching for you today.
Hasbro (HAS) shares fell in early trading, even though the toy maker reported better-than-expected earnings and revenue for the third quarter thanks to strength in its gaming unit and robust demand for My Little Pony and Transformers toys. The company warned sales growth will be hurt for for its holiday period due to the bankruptcy of one of its key retailers, Toys “R” Us and weakness in the U.K. and Brazil. Rival Mattel (MAT) shares also fell on the news.
Halliburton (HAL) delivered a beat on its top and bottom lines for last quarter. The oilfield services provider said revenue surged 91% in North America despite operating fewer rigs stateside since June.
Shares of Deltic Timber (DEL) climbed after the timberland holding company agreed to merge with lumber company Potlatch (PCH) in an all-stock deal that amounts to a roughly 7% premium for Deltic shareholders. The new company is being valued at $4 billion and the deal is expected to close in the first half of 2018.
BroadSoft (BSFT) is soaring in early trading after the cloud communications agreed to be acquired by Cisco (CSCO) for nearly $2 billion. Cisco will pay $55 per share in a deal expected to close in the first quarter of 2018. BroadSoft execs say the buy will broaden their market while allowing Cisco to easily reach its suite of small and medium businesses.