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Stockreport

Hasbro Posts Strong Earnings Growth; Stock Pops 9% [The Motley Fool]

MATTEL (MAT)  More Company Research Source: The Motley Fool
Last mattel earnings: 4/26 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.shareholder.com/mattel
PDF For the fourth quarter of 2017, the toymaker's year-over-year revenue dipped 2%, but adjusted EPS soared 40%, driven by strength in franchise brands and the licensing segment. Toymaker  Hasbro  ( NASDAQ:HAS )  reported fourth-quarter and full-year 2017 results before the market opened on Wednesday. Revenue for the holiday quarter edged down 1.8%, though adjusted earnings per share (EPS) surged 40% from the year-ago period.  Hasbro had guided for quarterly revenue growth of 4% to 7% year over year, so it fell short of its expectation. Nonetheless, the market sent Hasbro shares soaring to a closing gain of 8.8% on Wednesday. We can attribute this reaction to adjusted EPS easily beating Wall Street's consensus estimate and to the company's upbeat comments on the earnings call about its outlook. After Wednesday's pop, shares of Hasbro have returned 10.5% over the one-year period, trailing the S&P 500 's 19.3% return, though the stock remains a big winner over periods long [Read more]

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