Hasbro Q3 2024 Adj. EPS $1.73 Beats $1.28 Estimate, Sales $1.281B Miss $1.295B Estimate
Portfolio Pulse from Benzinga Newsdesk
Hasbro reported Q3 2024 earnings per share of $1.73, surpassing the analyst estimate of $1.28. However, its sales of $1.281 billion fell short of the $1.295 billion estimate, marking a 14.77% decline from the previous year.
October 24, 2024 | 10:35 am
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Hasbro's Q3 2024 earnings per share exceeded expectations, but sales fell short, indicating mixed performance. The EPS beat may boost investor confidence, but declining sales could raise concerns.
The significant EPS beat suggests strong profitability, which is positive for the stock. However, the sales miss and year-over-year decline may offset this positivity, leading to a neutral short-term impact.
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IMPORTANCE 80
RELEVANCE 100