The Monopoly creator impressed Wall Street with its latest financial results
Hasbro
Inc revealed that its revenue surged 54% to $1.32 billion in the three
months ended June 27, topping analysts’ estimate of $1.16 billion. Well above
the consensus estimate was also the EPS, with figures coming in at $1.05.
The company saw its film and tv-related business return to
growth. Hasbro’s Entertainment segment, along with other movie businesses,
jumped 47% in the quarter.
At the moment of writing, Hasbro stock price is up 8.73%,
reaching a 52-week high. Year-to-date, the stock slipped 1.2%, while USA500 gained 17.5%.
Sources: cnbc.com, investing.com
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