Surprising numbers for Hasbro

July 26, 2021
Surprising numbers for Hasbro

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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