Earnings Roundup: Hasbro, Inc. (HAS), Halliburton Company (HAL), SunTrust Banks, Inc. (STI) and BB&T Corporation (BBT)

Among the list of companies that released their earnings for the second quarter 2014 on July 21, 2014, included Hasbro, Inc. (NASDAQ:HAS), Halliburton Company (NYSE:HAL), SunTrust Banks, Inc. (NYSE:STI) and BB&T Corporation (NYSE:BBT).

Halliburton Company (NYSE:HAL)

Hasbro, Inc.’s (NASDAQ:HAS) revenue for the second quarter 2014 has shown a rise of 8.22% at $829.3 million, compared to $766.3 million for the same period a year ago. At the same time, the Net Income for Hasbro, Inc.’s (NASDAQ:HAS) has shown a decline of 8.22% i.e. from $36.5 million a year ago to $33.5 million.

Meanwhile, Hasbro’s President and CEO Brian Goldner said, “Second quarter performance reflects our continuing re-imagination of brands across the brand blueprint and the positive impact of our investment and focus on strategic growth opportunities within Hasbro.”

Halliburton Company (NYSE:HAL) reported a rise in the second quarter 2014 revenue at $8.1 billion compared to $7.3 billion in the first quarter of 2014. The company also reported a 24.56% rise in income from continuing operations at $776 million for the second quarter 2014 compared to $623 million a year ago.

The oilfield services company attributed the rise in performance to a significant improvement in its activities in North America and the Eastern Hemisphere.

In addition, the company promoted Jeff Miller, the CEO and executive vice president, to the post of President and appointed him to Halliburton’s Board of Directors with effect from August 1, 2014.

SunTrust Banks, Inc. (NYSE:STI) has reported a net income of $387 million for the second quarter 2014 compared to a net income of $365 million for the same period last year and $393 million in the first quarter of 2014.

Meanwhile, the total revenue for the company increased by $171 million or 8% to $2.20 billion compared to $2.03 billion in the first quarter of 2014.

Last but not the least, BB&T Corporation (NYSE:BBT) reported a lower net income figure at $425 million for the second quarter 2014 compared to $547 million in the same period last year, reflecting a fall of 22.3%.

The company attributed the fall in its net income to mortgage and tax related reserve adjustments which had an after-tax impact of $88 million.

Disclosure: none

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