Hasbro misses quarterly revenue estimates

This post was originally published on this site

https://i-invdn-com.akamaized.net/trkd-images/LYNXNPEG6Q0OY_L.jpg

The company reported an attributable net loss of $33.9 million, or 25 cents per share, for the second quarter ended June 28, compared to a profit of $13.4 million, or 11 cents per share, a year earlier.

Net revenue fell to $860.3 million from $984.5 million, missing analysts’ average estimate of $992.2 million, according to IBES data from Refinitiv.