Hasbro shares are trading lower after the company reported worse-than-expected Q3 financial results and said it expects FY23 revenue decline.
Portfolio Pulse from Benzinga Newsdesk
Hasbro reported worse-than-expected Q3 financial results and anticipates a revenue decline in FY23. This has led to a decrease in the company's share price.
October 26, 2023 | 2:58 pm
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NEGATIVE IMPACT
Hasbro's disappointing Q3 results and forecasted FY23 revenue decline have negatively impacted its stock price.
Hasbro's worse-than-expected Q3 results and the company's prediction of a revenue decline in FY23 have led to a decrease in its share price. Investors may be concerned about the company's future profitability, leading to a sell-off of the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100