PAWTUCKET, R.I. -- The repercussions from the demise of Toys R Us have begun to ripple outward beginning with Hasbro, which is reporting a loss and plunging revenue in its first quarter.
The toy maker swung to a loss of $112.5 million, or 90 cents per share. Per-share earnings, adjusted for one-time costs, were 10 cents, less than a third of the 31 cents per share that Wall Street expected, according to a poll by Zacks Investment Research.
Revenue tumbled to $716.3 million, well below projections from industry analysts for $824.7 million.
Shares of Hasbro Inc. slid 6 per cent before the opening bell Monday. Mattel Inc. fell 6 per cent.
Bagikan Berita Ini
Related Posts :
What experts expect if Trump cancels NAFTA- Montreal mayor not worried that flights to Japan will boost foreign home sales
- What experts say to expect if Trump cancels NAFTA
- Tumbling oil prices continue to plague Alberta's bottom line: fiscal update
- Record household debt to add pressure to credit cards in next downturn: Moody's
0 Response to "With lights from Toys R Us dimmed, sales plunge at Hasbro"
Post a Comment