Hasbro, Inc. HAS shares are trading lower by 6.62% to $59.56 Friday morning after the company announced a workforce reduction and issued weak preliminary revenue results.
Hasbro says the company sees preliminary fourth-quarter revenue of approximately $1.68 billion which is below the analyst consensus estimate of $1.92 billion.
The company will also be eliminating roughly 1,000 global full-time positions, including the departure of COO Eric Nyman...Read More
See Also: Toy Giant Hasbro To Slash 15% Of Workforce On Weak Holiday-Quarter View As COO Nyman Exits
According to data from Benzinga Pro, Hasbro has a 52-week high of $105.13 and a 52-week low of $54.65.
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