Connect with us

Business

Why Hasbro Stock Crashed 10% After Beating Earnings – Motley Fool

This isn’t how earnings beats usually work.

Published

on

post featured image

What happened
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?  
Image source: Getty Images.
So what
Well, for one thing, although Hasbro did in fact “beat” this morning, its quarter was not an…

Click here to view the original article.