Hasbro Revenue Beats Estimates As Families Splurge On Board Games

Hasbro Inc beat analysts’ estimates for quarterly revenue on Monday, boosted by demand for its Monopoly and other board games from stuck-at-home parents looking to keep their children entertained.

Shares of the company rose more than 3% in premarket trading.

The company’s net revenue rose to $1.78 billion in the third quarter ended Sept. 27 from $1.58 billion, beating analysts’ average estimate of $1.75 billion, according to IBES data from Refinitiv.

Net earnings attributable to the company rose to $220.9 million from $212.9 million a year earlier.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Speak Your Mind

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get in Touch

350FansLike
100FollowersFollow
281FollowersFollow
150FollowersFollow

Recommend for You

Oh hi there 👋
It’s nice to meet you.

Subscribe and receive our weekly newsletter packed with awesome articles that really matters to you!

We don’t spam! Read our privacy policy for more info.

You might also like

A Pied-A-Terre Tax On New York City Real Estate...

getty The New York State Senate has once...

GM’s Detroit-Hamtramck Auto Plant Is Now ‘Factory Zero’

General Motors Executive Vice President Global Manufacturing Gerald Johnson...

Final week to score $50 student passes to TC...

Class is about to be in session, students. If you’re passionate about mobility and...

Andhra Pradesh Retains Top Spot in ‘Ease of Doing...

The DPIIT conducts the exercise for all states/UTs under the Business Reform Action Plan. ...