(VIANEWS) – Premarket trading saw shares of Hasbro Inc. rise 2.3% Monday after the company reported an adjusted profit of $22.9 million for the second quarter. This was more than twice what it was expecting. The toymaker also made a strong showing in digital gaming, Wizards of the Coast, and franchise brands. From $33.9million, which was 25 cents per share in the previous year, $22.9 million or 17 cents per share saw the net loss shrink to $22.9 million or 17 cents per share. The adjusted earnings per share rose to $1.05, from just 2 cents. This is well ahead of the FactSet consensus at 47 cents. Through Friday, the stock fell 1.2% while S&P 500 gained 17.5%.
NASDAQ Composite opens in less than one hour and Hasbro‘s pre-market value is already 6.42% up.
The last session, NASDAQ Composite finished with Hasbro (HAS) sliding 0.89% to $92.41. NASDAQ Composite jumped 1.04% to $14,836.99, after four successive sessions in a row of gains, on what was an all-around up trend trading session.
Today’s last reported volume for Hasbro is 1105317, 66.48% above its average volume of 663928.
Hasbro’s last close was $93.24, 7.9% below its 52-week high of $101.24.
Year-on-year quarterly revenue growth grew by 0.8%, now sitting on 5.47B for the twelve trailing months.
Hasbro’s last day, last week, and last month’s current volatility was 1.05%, 1.39%, and 0.91%, respectively.
Hasbro’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 1.44% (day), 1.98% (last week), and 1.54% (last month), respectively.
News about Hasbro (HAS) today
Hasbro stock jumps after big profit beat, as wizards of the coast revenue more than doubled. According to today’s article on MarketWatch, “Shares of Hasbro Inc. surged 2.3% in premarket trading Monday, after the toy maker reported a second-quarter adjusted profit that was more than double what was expected, as revenue got boosts from strength in franchise brands and Wizards of the Coast and digital gaming. “, “Consumer products revenue increased as demand remains robust for Hasbro toys and games and entertainment revenue grew as we are producing entertainment with strong deliveries,” said Chief Executive Brian Goldner. ”
More news about Hasbro (HAS).