Stocks to Watch: Oracle, Hasbro, Blue Bird
By Ben Glickman
Oracle's revenue grew 5% in the fiscal second quarter, but sales missed Wall Street's estimates. The software company's profit increased but fell short of expectations. Shares sink 7.7% to $106.25 in after-hours trading.
Hasbro said it would cut 1,100 jobs, or nearly 20% of its workforce, its second round of job cuts announced this year, The Wall Street Journal reported. The company warned weaker sales trends have persisted into the holiday season and are likely to continue into 2024. Shares fall 3.9% to $47 after-hours.
Blue Bird swung to a larger-than-expected profit in the fiscal fourth quarter as higher prices boosted sales. The company's revenue from bus sales rose 12% and Blue Bird sold more units. Shares rise 8.2% to $23.60 after-hours.
Write to Ben Glickman at ben.glickman@wsj.com
(END) Dow Jones Newswires
December 11, 2023 18:52 ET (23:52 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
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