Shares of Hasbro Inc. surged 5.6% in premarket trade Tuesday, after the toy seller reported a surprise profit and growth in revenue, boosted by strength in...
Shares of Hasbro Inc. HAS, -0.75% surged 5.6% in premarket trade Tuesday, after the toy seller reported a surprise profit and growth in revenue, boosted by strength in its gaming and franchise business segments. The company swung to net income of $26.7 million, or 21 cents a share, from a loss of $112.5 million, or 90 cents a share, in the year-ago period, which included expenses associated with Toys 'R' Us and severance costs. The FactSet consensus was for a per-share loss of 11 cents.
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