Hasbro,Inc. HAS shares fell 2 percent in pre-market action on fall-out from Barbie doll's downfall.
Earlier, Mattel Inc., MAT 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
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in