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Hasbro's stock tumbles after adjusted earnings miss, revenue falls below expectations
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The company swung to net income of $8.8 million, or 7 cents a share, from a loss of $5.3 million, or 4 cents a share, in the same period a year ago. Excluding non-recurring items, adjusted earnings per share came to $1.33, well below the FactSet consensus of $1.67. Revenue fell 13% to $1.39 billion, missing the FactSet consensus of $1.52 billion, as franchise brands, partner brands and gaming revenue all fell more than expected.
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https://www.marketwatch.com/story/hasbro...yptr=yahoo
HAS -4,6%
![[Bild: HASc1dl1355.png]](https://finviz.com/publish/020819/HASc1dl1355.png)
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The company swung to net income of $8.8 million, or 7 cents a share, from a loss of $5.3 million, or 4 cents a share, in the same period a year ago. Excluding non-recurring items, adjusted earnings per share came to $1.33, well below the FactSet consensus of $1.67. Revenue fell 13% to $1.39 billion, missing the FactSet consensus of $1.52 billion, as franchise brands, partner brands and gaming revenue all fell more than expected.
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https://www.marketwatch.com/story/hasbro...yptr=yahoo
HAS -4,6%
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