Hasbro

UPDATED with closing stock price. A strong return of its film and TV business, especially compared with a bleak 2020, helped Hasbro’s second quarter results easily beat Wall Street forecasts. Revenue surged 54% to $1.32 billion, while adjusted earnings per share reached $1.05, compared with two cents in the year-ago quarter. When factoring in the
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Hasbro’s thriving analog and digital games business helped its first-quarter profit beat Wall Street expectations, but Covid-19-related struggles in film and TV resulted in only a 1% uptick in revenue. Revenue came in at $1.15 billion, up 1% from the year-ago quarter and just shy of analysts’ consensus forecast. Earnings per share of 84 cents
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