Game maker Hasbro(NASDAQ:HAS) crushed earnings estimates in a third-quarter earnings report released this morning — and investors are devastated.
Despite reporting $1.88 per share in adjusted profit, where Wall Street had expected only $1.62, and despite beating on sales ($1.8 billion), Hasbro stock is down a depressing 10% in 11 a.m. EDT trading. Why?
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Well, for one thing, although Hasbro did in fact “beat” this morning, its quarter was not an…