Hasbro Q4 Earnings: stock slides as Toys ‘R’ Us shutdown hits holiday sales

Toymaker Hasbro, Inc. (HAS) reported its fourth-quarter 2018 earnings on Feb. 8, before the opening bell. Soon after the announcement, Hasbro stock fell in pre-market trade as Toys ‘R’ Us shutdown pushed holiday sales well below analyst estimates. Net revenues for the quarter fell 13% to $1.39 billion, while net profit was $8.8million or $0.07 … Continue reading Hasbro Q4 Earnings: stock slides as Toys ‘R’ Us shutdown hits holiday sales