Hasbro Q1 Adj $0.61 Beats $0.27 Estimate, Sales $757.30M Beat $738.61M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hasbro (NASDAQ:HAS) reported Q1 adjusted earnings of $0.61 per share, surpassing the $0.27 estimate, marking a 125.93% beat and a 6000% increase from last year's $0.01. Q1 sales reached $757.30M, exceeding the $738.61M estimate by 2.53%, despite a 24.35% decrease from last year's $1.00B.
April 24, 2024 | 10:34 am
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Hasbro reported a significant beat on both earnings and sales estimates for Q1, with earnings per share at $0.61 against a $0.27 estimate and sales of $757.30M against a $738.61M estimate.
The substantial beat on both earnings per share and sales estimates for Q1 indicates a strong financial performance by Hasbro, likely leading to positive investor sentiment and potential short-term stock price appreciation. The 6000% increase in earnings per share from the previous year and the beat on sales estimates, despite a year-over-year decrease, highlight operational efficiency and market strength.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100