Hasbro Inc. stock was up 2.5% in premarket trades after it beat its revenue target but missed on adjusted earnings. The toy maker reported a second-quarter...
Hasbro Inc. HAS stock was up 2.5% in premarket trades after it beat its revenue target but missed on adjusted earnings. The toy maker reported a second-quarter loss of $235 million, or $1.69 a share, after reporting year-ago profit of $1.42 million, or $1.02 a share. Adjusted earnings for the three months ended June 30 were 49 cents a share, short of the analyst expectation of 56 cents a share, according to FactSet data. Revenue dropped 10% to $1.
The toy maker reported a second-quarter loss of $235 million, or $1.69 a share, after reporting year-ago profit of $1.42 million, or $1.02 a share. Adjusted earnings for the three months ended June 30 were 49 cents a share, short of the analyst expectation of 56 cents a share, according to FactSet data. Revenue dropped 10% to $1.21 billion but exceeded the analyst estimate of $1.12 billion.
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