Star Wars Sales, Inventories in Focus for Hasbro Third Quarter
Star Wars sales will be on analysts' radars when Hasbro reports third-quarter results on Monday morning.
Shares of Hasbro (HAS) - Get Report were up nicely Friday ahead of the company's 2016 third-quarter results, due out before Monday's opening bell. Wall Street is projecting that earnings and revenue will rise year-over-year. Analysts are forecasting that the Pawtucket, R.I.-based toy company will report adjusted earnings of $1.74 per share on revenue of $1.56 billion. During the same quarter last year, Hasbro earned $1.58 per diluted share on revenue of $1.47 billion. On Monday, analysts will be looking for Star Wars sales and inventory levels, especially after last quarter's 42% year-over-year increase.
