Hasbro, Inc. (NASDAQ: HAS) on Wednesday reported first-quarter 2020 financial results. Notably, it was the first announcement after the integration of Entertainment One Ltd. (eOne).
Due to the uncertainties surrounding COVID-19, the toymaker withdrew its outlook. The company added that it expects the second quarter to be impacted by the pandemic.
HAS shares fell 3.6% immediately following the announcement. The stock has fallen 26% since the beginning of this year.
Competitor Mattel (NASDAQ: MAT) will report quarterly results on May 5.
The massive slowdown in the IPO market continued in the second half as the challenges posed by high inflation and interest rate hikes weighed on investor confidence. Meanwhile, there is
The automotive sector is one of the worst affected by the combination of high inflation and rising interest rates. Consumers have become more cautious and are prioritizing their purchases with
The IPO market has witnessed muted activity this year, and things don’t seem to have improved in the second half. The upcoming public listing of video game technology firm Ultimax