Hasbro Rebounds Right in Time for the Christmas Holiday

Rich Duprey, The Motley Fool
·2 min read
Hasbro Rebounds Right in Time for the Christmas Holiday
Hasbro Rebounds Right in Time for the Christmas Holiday

After a disappointing second-quarter earnings report, Hasbro (NASDAQ: HAS) is bouncing back sharply in the third, posting revenue and profit gains that beat analyst expectations. Arguably more important is the toymaker exhibiting strength just in time for the Christmas shopping season. Hasbro said sales grew 13% to $1.78 billion, ahead of the $1.74 billion Wall Street was expecting, while earnings of $213 million, or adjusted to $1.88 per share, easily beat forecasts of $1.63 per share.