© Reuters. Hasbro Profits beaten, revenue missed in Q1
Investing.com – Hasbro (NASDAQ 🙂 reported the first quarter on Tuesday that beat analysts’ expectations and lower than expected earnings.
Hasbro reported earnings per share of $ 1 on revenue of $ 1.11 billion. Analysts polled by Investing.com were forecasting EPS of $ 0.6448 on revenue of $ 1.17 billion.
Hasbro shares are up 27% year-to-date, still down 4.10% from its 52-week high of $ 101.17 set on January 14. They outperform the S&P 500 which is up 11.53% since the start of the year.
Hasbro tracks other major cyclical consumer sector earnings this month
The Hasbro report follows earnings beaten by Tesla on Tuesday, which reported EPS of $ 0.93 on revenue of $ 10.39 billion, against EPS forecast of $ 0.7428 on a revenue of $ 10.42 billion.
Original parts had beaten expectations on Thursday with first-quarter EPS of $ 1.5 on revenue of $ 4.46 billion, against an EPS forecast of $ 1.14 on revenue of 4, $ 3 billion.
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