Why Hasbro Stock Popped This Week
HASHasbro(HAS) The Motley Fool·2024-04-26 08:09

Hasbro's cost-cutting plans are paying off. Shares of Hasbro (HAS -0.09%), the toy and game maker known for products like Transformers, Magic: The Gathering, and Monopoly, were on the move this week as the stock beat quarterly estimates in spite of a decline in revenue. According to data from S&P Global Market Intelligence, the stock was up 17.6% for the week as of Thursday's close. Is this the start of a turnaround? Revenue in the quarter fell 24%, primarily due to the sale of the Entertainment One video e ...