Hasbro: stock jumps after quarterly results
(CercleFinance.com) - The Hasbro share is jumping 14% in early trading on Wall Street on Tuesday after reporting quarterly net income that is up at 26.
7 million dollars, or 21 cents a share, almost double the consensus of a 11 cents per share loss.
At 732.5 billion dollars, the US toy group's Q1 sales increased by 2% as
reported and were even up 6% excluding currency effects.
Chairman and CEO Brian Goldner said that the group is starting to
improvements in its commercial markets, particularly in the US and
Europe and that it is on track for profitable growth in 2019.
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