Mattel's Barbie Downfall Clips Competitor Hasbro; Shares Dn 2% Pre-Market

Hasbro,Inc.

shares fell 2 percent in pre-market action on fall-out from Barbie doll's downfall. Earlier, Mattel Inc.,

the world's largest toy maker, said Barbie sales plunged 15 percent in the recent period, the third quarter in a row of double-digit declines. Earnings missed the Street consensus by a wide margin. http://www.benzinga.com/news/earnings/14/07/4708792/update-mattel-posts-decline-in-q2-earnings Number-two Hasbro, slated to post second-quarter earnings July 21, is expected to report earnings of $0.36 a share, on a 9.5 percent revenue increase to $839 million. In pre-market trading Hasbro was down recently 1.8 percent at $52.55