Hasbro Shares Are Tanking Despite an Earnings Beat
Hasbro managed to boost sales across its four key segments but there are concerns about excess inventory.
Hasbro (HAS) - Get Report posted second-quarter earnings before the open on Monday. The gaming and toy maker posted earnings of $0.41 a share, two cents better than expected on sales of $879 million, which also beat forecasts. On Monday's call with analysts, Hasbro's CEO Brian Goldner said Hasbro has managed to boost sales across its four key business segments: toys, games, digital gaming and consumer products. But, there are some concerns about toy inventory levels. Shares of Hasbro are up 27 percent since the beginning of the year.
Employees of TheStreet are restricted from owning individual securities.
Loading ...