Check out the companies making headlines in midday trading. Boeing — The aerospace giant fell 1.5% even after noting that it burned through $3.9 billion in cash in the first quarter. The cash burn was lower than what analysts had feared. Boeing also posted an adjusted loss of $1.13 per share on revenue of $16.57 billion, beating the adjusted loss of $1.76 per share and revenue of $16.23 billion that analysts polled by LSEG had forecasted.
Mattel saw $810 million in revenue during the quarterly period, which was less than the consensus estimate of $832 million. Hasbro — Shares rocketed about 11% following the company's first-quarter results. Adjusted earnings per share came in at 61 cents, beating analysts' expectations of 27 cents per share, according to LSEG. Revenue of $757 million was greater than the $739 million analysts anticipated.
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