Hasbro HAS reported second-quarter earnings of 78 cents per share, which beat the analyst consensus estimate of 5 cents by 56%. This is a 62.5% increase over earnings of 48 cents per share from the same period last year.
The company reported quarterly sales of $984.5 million, which beat the analyst consensus estimate of $956.75 million by 2.90%. This is a 8.85% increase over sales of $904.458 million the same period last year.
"Our investments are differentiating Hasbro's portfolio and delivering profitable revenue streams, including continued MAGIC: THE GATHERING revenue growth in tabletop and digital," said CEO Brian Goldner. "We grew revenues in the U.S. and Europe, and we believe we are well-positioned to deliver against our target of profitable growth for the full-year 2019."
Hasbro shares were trading up 0.54% at $109 during Tuesday’s pre-market session. The stock has a 52-week high of $111.76 and a 52-week low of $76.84 cents.
Related Links:
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
