Categories Earnings, Retail

Hasbro (HAS): Q3 2019 Earnings Snapshot

Earnings Update by AlphaStreet

— Hasbro Inc. (NASDAQ: HAS) reported Q3 2019 earnings of $1.84 per share, vs. $2.21 expected.

— Revenues were $1.58 billion, vs. $1.72 billion expected.

— In August, Hasbro agreed to acquire Entertainment One for approx. GBP3.3billion. The transaction is expected to close in Q4 2019.

— Hasbro’s next quarterly cash dividend of $0.68 per common share is payable on November 15, 2019 to shareholders of record on November 1, 2019.

— HAS shares were down 14% in morning hours on Tuesday.

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