Why Hasbro Stock Popped This Week [Yahoo! Finance]
S&P Global Inc. (SPGI)
Last s&p global inc. earnings: 4/28 07:10 am
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Source: Yahoo! Finance
According to data from S&P Global Market Intelligence , the stock was up 17.6% for the week as of Thursday's close. Is this the start of a turnaround? Revenue in the quarter fell 24%, primarily due to the sale of the Entertainment One video entertainment business. Excluding its effect, revenue was down 9% due to a 21% decline in its consumer products business. The challenges in the toy business reflect broader industry challenges and Hasbro's own decision to exit certain business lines and reduce closeout sales. The company finished the quarter with revenue of $757.3 million, though that still beat estimates at $738.6 million. While the decline in revenue might have been disappointing, investors focused their attention on the company's cost cuts, which led to improvements in the bottom line. Adjusted operating profit doubled to $148.6 million. Its adjusted operating margin improved from 4.9% to 19.6% as it slashed inventory by 53%, improved supply chain productivity, and re
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SPGI
Earnings
- 4/26/24 - Miss
SPGI
Sec Filings
- 4/26/24 - Form IRANNOTICE
- 4/25/24 - Form 10-Q
- 4/25/24 - Form 8-K
- SPGI's page on the SEC website