Hasbro Q4 Adj. EPS Tops View; Guides FY23 Below Estimates

RTTNews | vor 925 Tagen
Hasbro Q4 Adj. EPS Tops View; Guides FY23 Below Estimates

(RTTNews) - Toy and board game company Hasbro, Inc. (HAS) reported Thursday a net loss attributable to Hasbro for the fourth quarter of $128.9 million or $0.93 per share, compared to a net income of $82.2 million or $0.59 per share in the year-ago quarter.

Excluding items, adjusted earnings for the quarter were $1.31 per share, compared to $1.21 in the prior-year quarter. On average, eight analysts polled by Thomson Reuters expected earnings of $1.29 per share for the quarter. Analysts' estimates typically exclude special items.

Net revenues for the quarter decreased 17 percent or 14 percent in constant currency, to $1.68 billion from $2.01 billion in the same quarter last year. Analysts expected revenues of $1.68 billion for the quarter.

Looking ahead to fiscal 2023, the company now projects adjusted earnings $4.45 to $4.55 per share on revenue to be down low-single digits. The Street is looking for earnings of $4.88 per share on revenue growth of 2.5 percent to $6.0 billion for the year.

For the medium and long-term, through year-end 2027, Hasbro expects revenue growth in the mid-single digits on a compound annual basis.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
Hasbro Swings To Profit In Q2; Declares Dividend

Hasbro Swings To Profit In Q2; Declares Dividend

Toy and game company Hasbro, Inc. (HAS) reported Thursday net earnings attributable to Hasbro for the second quarter of $138.5 million or $0.99 per share, compared to a net loss of $235.0 million or $1.69 per share in the year-ago quarter.
RTTNews | vor 400 Tagen
Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.
RTTNews | vor 1Std 55 Minuten
European Stocks Close Lower On Geopolitical Tensions

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.
RTTNews | vor 2Std 24 Minuten
Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
RTTNews | vor 5Std 27 Minuten
U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
RTTNews | vor 6Std 10 Minuten
German Unemployment Exceeds 3 Mln

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1
RTTNews | vor 6Std 40 Minuten