Why Hasbro Shares Are Falling During Friday's Trading Session

Hasbro, Inc. HAS shares are trading lower by 6.62% to $59.56 Friday morning after the company announced a workforce reduction and issued weak preliminary revenue results.

Hasbro says the company sees preliminary fourth-quarter revenue of approximately $1.68 billion which is below the analyst consensus estimate of $1.92 billion.

The company will also be eliminating roughly 1,000 global full-time positions, including the departure of COO Eric Nyman...Read More

See Also: Toy Giant Hasbro To Slash 15% Of Workforce On Weak Holiday-Quarter View As COO Nyman Exits

According to data from Benzinga Pro, Hasbro has a 52-week high of $105.13 and a 52-week low of $54.65.