Hasbro Can't Overcome Tide of Trade-War Worries in Q3
After several strong quarterly earnings reports, Hasbro (NASDAQ: HAS) stumbled badly in the third quarter as tariffs escalated costs for the toymaker, causing it to miss on both revenue and profit forecasts.
While Hasbro's stock took a big hit in early trading, tumbling almost 15% on the news, there's hope the trade war will come to an end soon. There are also some potentially big movies hitting the screen in the fourth quarter, so investors should have something to look forward to.
Fantasy role-playing game Magic: The Gathering still draws people in offline, even as it wins new converts to its digital format. Image source: Hasbro.
Source Fool.com
