For 2016, $LMT increased its operating profit outlook in four of its five business areas with Aeronautics, Space Systems and IS&GS increasing $25MM each while Mission Systems and Training was increased by $50MM.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.
$HAL shrunk its 1Q17 attributable net loss to $32MM from the $2.41Bil loss a year ago. The diluted loss improved to $0.04 a share vs. last year's $2.81 loss per share. Total revenue inched 2% up to $4.28Bil. “First quarter revenue in North America increased 24% sequentially, significantly outperforming our largest peer," said President Jeff Miller.
$HAS paid $63.4MM in cash dividends to shareholders during 1Q17. The next quarterly cash dividend payment of $0.57 per common share is scheduled for May 15, 2017 to shareholders of record on May 1, 2017. During 1Q17, $HAS repurchased 218,000 common shares at total cost of $18.1MM.
$HAS' revenue in the International segment for 1Q17 were essentially flat at $345MM from last year. The latest quarter's revenue include a favorable $3MM impact of foreign exchange. Revenue growth in Franchise Brands, Hasbro Gaming and Emerging Brands was offset by a decline in Partner Brands.
$HAS' revenue in the U.S. and Canada segment for 1Q17 increased 2% to $451.6MM from $443.6MM last year, as revenue growth in Hasbro Gaming and Emerging Brands offset a decline in Franchise Brands and Partner Brands.