HASBRO 3rd QTR earnings 3% above forecast

Transformers maker HASBRO, Inc. has been listed as posting a 3 percent increase over projected earnings for the third quarter of this year. Sales rose to $1.31 billion, topping the $1.29 billion analysts had expected. Revenue increased 4 percent excluding currency changes.
Sales in the Transformers and GI Joe departments actually dropped by 34 percent, but this was expected as it is a non movie year.
Hasbro expects to post an even larger gain in its fourth quarter heading into the holiday season with the launch of its new childrens network, The Hub, previously reported on here.
You can read the full article on this at CNBC.com
Sales in the Transformers and GI Joe departments actually dropped by 34 percent, but this was expected as it is a non movie year.
Hasbro expects to post an even larger gain in its fourth quarter heading into the holiday season with the launch of its new childrens network, The Hub, previously reported on here.
You can read the full article on this at CNBC.com