(Bloomberg) — Hasbro Inc. slipped in early trading after reporting third-quarter sales that didn’t wow investors as much as rival Mattel Inc.’s results did last week.Hasbro, the largest U.S. toymaker, said Monday that revenue fell 4% on a pro forma basis to $1.78 billion. That beat analysts’ predictions of $1.74 billion. Excluding Entertainment One, which Hasbro acquired earlier this year, revenue rose 13%. Adjusted profit was $1.88 a share, topping estimates of $1.60, led by its games segment.Still, Hasbro shares fell as much as 4.1% to $88.25 in premarket trading as traders focused on the contrast with Mattel.While both companies …read more
Source:: Yahoo Finance
