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Toymaker Hasbro's shares soar after revenue and profit top estimates
https://www.cnbc.com/2018/07/23/toymaker-hasbros-quarterly-revenue-tops-estimates.html
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Hasbro topped Wall Street estimates for profit and revenue in the second quarter.
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The toymaker has emerged from the worst effects of last year's Toys 'R' Us bankruptcy.
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The company's revenue fell 7 percent to $904.5 million in the quarter, but was nearly half the drop that analysts were expecting.
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The toy maker earned 48 cents per share for the second quarter, well above the consensus estimate of 29 cents. Revenue was also well above estimates. The performance came despite a drop in profit and revenue from a year ago due largely to the bankruptcy and liquidation of the Toys R Us chain.
Toymaker Hasbro's quarterly revenue, profit top estimates
Hasbro Reports Second Quarter 2018 Financial Results
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Second quarter 2018 revenues of $904.5 million;
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U.S. and Canada segment revenues down 7%; International segment revenues down 11%; Entertainment and Licensing revenues up 26%;
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Operating profit margin of 9.7%;
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Reported net earnings of $60.3 million, or $0.48 per diluted share;
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Strengthened brand portfolio with acquisition of POWER RANGERS;
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Ended the quarter with $1.2 billion in cash and returned $152.8 million to shareholders; $78.7 million in dividends and $74.1 million in share repurchases.
Second Quarter 2018 Earnings
http://investor.hasbro.com/static-files/31c57515-5516-4c10-a327-832a4945be28
Hasbro Second Quarter 2018 Earnings Conference Call
http://investor.hasbro.com/events/event-details/hasbro-second-quarter-2018-earnings-conference-call
How do you think Hasbro's stock will perform in the future?
Will Amazon be a problem for them?
Submitted July 23, 2018 at 09:42AM by gorillaz0e https://ift.tt/2JNMiv1
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