Hasbro Reports Third Quarter 2019 Financial Results

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Go back to Hasbro Reports Third Quarter 2019 Financial Results

Hasbro (HAS) Plunges Nearly 17% on Miss

October 22, 2019 9:35 AM EDT

Hasbro (NASDAQ: HAS) sinks 16.5% following its earnings miss.

... More

Hasbro (HAS) Misses Q3 EPS by 33c

October 22, 2019 6:31 AM EDT

Hasbro (NASDAQ: HAS) reported Q3 EPS of $1.84, $0.33 worse than the analyst estimate of $2.17. Revenue for the quarter came in at $1.58 billion versus the consensus estimate of $1.71 billion.

Hasbro remains on track to deliver profitable revenue growth in 2019, behind innovation in gaming, toys and around Hasbro's Brand Blueprint. However, as we've communicated, the threat and enactment of tariffs reduced revenues in the third quarter and increased expenses to deliver product to retail," said Brian Goldner, Hasbros chairman and chief executive officer. "The team drove continued growth in the... More