Hasbro Pops on Strong Earnings. The Reason: ‘Turnaround Efforts.’

Hasbro Pops on Strong Earnings. The Reason: ‘Turnaround Efforts.’·Barrons.com
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Hasbro stock was trading higher after the toy maker beat quarterly estimates for earnings and sales. Hasbro which makes Monopoly, Transformers, G.I. Joe, and other brands, posted first-quarter adjusted earnings per share of 61 cents, easily beating Wall Street’s call of 27 cents. Net revenue of $757.3 million was above the consensus call of $739.8 million, but fell from the $1 billion recorded a year ago, largely because of the divestiture of the company’s eOne film and television segment.

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