Ford, Lyft, Kraft Heinz, Hasbro, Mattel: Earnings Roundup

00:00 Speaker A

I wanted to quickly review some of the earnings movers that we’re watching this morning because that’s the other path we need to pay attention to and there are a number of big movers on the earnings front that I want to highlight. Ford shares aren’t moving big, but it’s obviously a big company. It’s a bit of a mixed picture for Ford. The company says EBITDA this year will be about $10 billion. Fourth-quarter numbers missed and company takes unexpected $900 million tariff hit

00:27 Speaker A

This was a change for them as the US government basically allowed them a tariff reduction. Elevator shares are falling by 15%. The company said EBITDA will miss estimates and active driving in the first quarter, and will miss driving estimates in the fourth quarter. We’ll talk to CEO David Risher at 10:00 and hear from him a little more about what’s going on. And then Kraft Heinz is quite unusual here. If you remember, the company said last year that it would be divided within itself.

00:52 Speaker A

Now the new CEO, Steve Cahillane, comes in and says, no, we’re not splitting, or at least we’re stopping the split for now, even though the company is making better earnings, the shares are down. And then let’s take a quick look at the toy manufacturers here this morning. Mattel is facing a big loss versus forecasts due to weak sales in the United States. These shares are down almost 30%. Hasbro’s figures looked better,

01:15 Speaker A

But those stocks are also in decline. And my colleague Brian Sozzi will be speaking with the CEO of Hasbro in a moment.