Hasbro Inc. toys based on the movie ‘Marvel’s The Avengers’ are on the shelf of a Target Corp store. in Union, New Jersey, USA on Wednesday August 22, 2012.
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Check out the companies making headlines on Tuesday at noon.
Hasbro – Shares of the toy company fell 2.3% after the company reported third-quarter results that fell short of expectations. CEO Chris Cocks blamed “increasing price sensitivity” among consumers and the glut of inventory.
Selling power – Salesforce shares gained 5.2% after Starboard Value told CNBC it had taken a “significant” stake in the software giant. Starboard founder Jeff Smith did not reveal the exact amount, but said he saw a big opportunity after shares fell more than 40% this year.
carnival society – Shares of the cruise line jumped more than 12% after one of Carnival’s subsidiaries launched a $1.25 billion offering of senior priority tickets due in 2028. The company plans to use the net proceeds of the offering to make debt principal payments and for other general corporate expenses, according to a regulatory filing. Norwegian Cruise Line Holdings and Royal Caribbean also rose 8.8% and 7.6% respectively on the news.
Goldman Sachs – Goldman Sachs rebounded 3% after beating analysts’ third-quarter earnings and revenue expectations on better-than-expected business results. The company also announced a corporate reorganization that combines the company’s four main divisions into three.
Target – The retailer’s shares jumped 5% after Jefferies upgraded Target to a pending buy, saying they can rally around 20% from current levels and benefit from both an easing of supply chain issues and better inventory positioning.
Lockheed Martin – Shares of the aerospace company jumped 8.5% after Lockheed reported third-quarter earnings of $6.87 per share excluding items, which was above a Refinitiv estimate of $6.66 per share .
Amazon – Amazon added 2.7% after Citi named it the top pick for an economic hard and soft landing, saying it would perform well in both scenarios.
XPO logistics — XPO Logistics fell 1.7% after the freight forwarding company reported disappointing preliminary quarterly results ahead of its earnings release. The company said Monday it expects revenue to be lower than analysts’ expectations, but earnings before interest, taxes, depreciation and amortization will be higher. The company reports Oct. 31.
Nordström — Shares of the retailer rose more than 3% after the company announced that its chief financial officer, Anne Bramman, will step down in December. Nordstrom began its search for his successor and said chief accounting officer Michael Maher would fill the role on an interim basis.
Enviva — The wood pellet maker rose 4.7% after Raymond James said its value as a more environmentally and socially responsible energy supplier was misunderstood.
– CNBC’s Carmen Reinicke, Alex Harring and Michelle Fox contributed reporting