Disappointing earnings and outlook cause a drop in Hasbro’s stock

  • Hasbro’s fourth-quarter earnings and revenue fell short of expectations
  • The company reported a net loss on an unadjusted basis
  • Shares in Hasbro dropped 12% in premarket trading
  • Hasbro’s outlook for fiscal 2024 is lower than analysts’ expectations

Hasbro, the toy maker known for brands like Monopoly and Transformers, reported lower-than-expected fourth-quarter earnings and revenue. The company’s adjusted earnings per share were 38 cents, while analysts had expected 65 cents. Hasbro also reported a net loss on an unadjusted basis, contrary to analysts’ expectations of a profit. As a result, shares in Hasbro dropped 12% in premarket trading. Adding to the disappointment, the company’s outlook for fiscal 2024 is lower than what analysts had forecasted. Hasbro expects adjusted earnings before interest, taxes, depreciation, and amortization (Ebitda) to be between $925 million and $1 billion, while analysts had predicted a profit figure of $1.05 billion.

Public Companies: Hasbro (HAS)
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Factuality Level: 7
Justification: The article provides specific information about Hasbro’s fourth-quarter earnings and revenue, as well as analysts’ expectations. It includes quotes and data from reliable sources. However, it lacks additional context or analysis to fully understand the reasons behind the disappointing results and guidance.

Noise Level: 3
Justification: The article provides relevant information about Hasbro’s fourth-quarter earnings and revenue, as well as their disappointing guidance. However, it lacks in-depth analysis, evidence, and actionable insights. The article also contains some filler content and repetitive information.

Financial Relevance: Yes
Financial Markets Impacted: Hasbro

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to financial topics as it discusses Hasbro’s fourth-quarter earnings and revenue, which fell short of expectations. The company’s disappointing guidance also impacted its stock price.

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