Hasbro beats quarterly revenue estimates

green and white leafed plantsFILE PHOTO: A Monopoly board game by Hasbro Gaming is seen in this illustration photo August 13, 2017. REUTERS/Thomas White/Illustration

Hasbro Inc beat analysts’ estimates for quarterly revenue on Monday, boosted by demand for the toymaker’s board games from stuck-at-home families looking for entertainment.

REUTERS: Hasbro Inc beat analysts’ estimates for quarterly revenue on Monday, boosted by demand for the toymaker’s board games from stuck-at-home families looking for entertainment.

The company’s net revenue rose to US$1.78 billion from US$1.58 billion in the third quarter ended Sept. 27, beating analysts’ average estimate of US$1.75 billion, according to IBES data from Refinitiv.

Advertisement

Advertisement

(Reporting by Uday Sampath in Bengaluru; Editing by Anil D’Silva)

You May Also Like

Leave a Reply

Your email address will not be published. Required fields are marked *