Shares of toymaker Hasbro (HAS) were falling sharply Monday afternoon following the release of the company's latest earnings results before the opening bell.
The company reported earnings per share of $0.41 on revenue of $878.9 million vs. Wall Street's consensus $0.39 per share and $859.0 million estimates. However, the company also reported that sales growth in toys targeted at boys -- the company's largest segment -- slowed 4% from the previous three quarters. Boys' toys account for over a third of Hasbro's revenue.
Boys category revenues rose 4% to $355.1 million overall while the girls category revenue increased 35% to $172.3 million thanks mostly to the company's line of Disney (DIS) princes and Frozen fashion and dolls.
Bank of America (BAC) shares were up nearly 4% following its earnings release. The bank reported second-quarter earnings of $4.2 billion, or $0.36 per share, a dip from the $5.32 billion, or $0.45 per share, it earned in the year-ago period. That total was still able to beat consensus estimates of $0.33 per share. Revenue for the period also fell 7.1% to $20.4 billion, matching consensus expectations.
Shares of Netflix (NFLX) were rising ahead of the release of the company's latest earnings results after the closing bell Monday. The video streaming company is expected to report earnings of $0.02 per share on revenues of $2.11 billion. Earlier this year, the company said it expects to add 500,000 new subscribers in the June quarter, down from the 900,000 it added a year ago. The company said it is expecting to add 2 million new international subscribers, also down from last year's 2.37 million.
Finally, GameStop (GME) shares were up nearly 8% Monday, the most it has climbed in over a year, after the company CEO's interview with CNBC. Paul Raines told the cable news channel that sales were up 100% in the 462 stores that are "gyms" in the ubiquitous Pokemon Go app.
"Our sales have been rocketing because of Pokémon already. We have over 100% growth in our Pokémon collectibles, and we are the largest distributor of Pokémon video games and collectibles in the world," Raines said. "We believe in our strategy and management team and we've pointed out to our investors that our continued strategy is to further drive dominance in the physical gaming, emerging-growth categories like digital gaming collectibles, and our technology brand segment, which is our AT&T (T) partnership. If we can do that, we think that will be very positive for shares."