Hasbro smashes profit expectations and raises its full-year revenue outlook
FROM THE WIRE · SEEKINGALPHA.COM
[Monopoly board game] NoDerog Hasbro (HAS [https://seekingalpha.com/symbol/HAS]) traded higher in early action on Tuesday after posting a beat-and-raise quarter. Revenue rose 15.1% year-over-year to $1.6B to top the consensus estimate by $120M. Adjusted operating profit was up…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishA quarter above estimates with a raised revenue outlook tends to support the stock in trading.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Non-GAAP EPS was 2.90 dollars versus 1.85 consensus.
- 02Revenue rose 15.1% year over year to 1.6 billion dollars, topping consensus by 120 million.
- 03Magic: The Gathering topped 600 million dollars in quarterly revenue for the first time.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets