Hasbro Q2 Adj $1.22 Beats $0.78 Estimate, Sales $995.30M Beat $943.56M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hasbro (NASDAQ:HAS) reported Q2 earnings of $1.22 per share, significantly beating the analyst estimate of $0.78. Sales were $995.30 million, also surpassing the $943.56 million estimate. Despite the beats, sales were down 17.74% year-over-year.
July 25, 2024 | 10:31 am
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Hasbro's Q2 earnings per share of $1.22 beat the analyst estimate of $0.78 by 56.41%, and sales of $995.30 million exceeded the $943.56 million estimate. However, sales decreased by 17.74% compared to the same period last year.
The significant beat on both earnings and sales estimates is likely to have a positive short-term impact on Hasbro's stock price. However, the year-over-year decline in sales may temper some of the enthusiasm.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100