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0.000946073793755893 -0.00283822138126768 0.00189214758751179 0.000946073793755893 -0.00520340586565749 -0.00756859035004731 -0.0042573320719016 -0.00662251655629142
Stock impact report

Hasbro Shares Rise as First-Quarter Earnings Beat Estimates [BNN Bloomberg (Canada)]

Lions Gate Entertainment Corporation Class A Voting Shares (LGF.A) 
Last lions gate entertainment corporation class a voting shares earnings: 2/6 04:05 pm Check Earnings Report
Company Research Source: BNN Bloomberg
The Pawtucket, Rhode Island-based company reported adjusted earnings per share of 61 cents compared with the 27-cent average of estimates compiled by Bloomberg. Revenue was $757.3 million, more than the $738.5 million analysts forecast. Shares were up 10.3% to $64.16 at 9:33 a.m. in New York. “We are continuing to see the results of our transformation work,” Chief Executive Officer Chris Cocks said in a statement Wednesday. Hasbro announced plans to slash about 20% of its staff in late 2023, blaming slumping sales of toys and games in the crucial holiday season. Cynthia Williams, president of Hasbro's Wizards of the Coast and gaming division, resigned last week, leaving an opening atop a growing part of the toy company. Revenue at the division increased 7% in the first quarter, driven by an increase in digital licensing behind Baldur's Gate 3 and Monopoly Go! Last year, Hasbro sold its eOne film and TV business to Lions Gate Entertainment Corp. as it focuses its spending in Show less Read more
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