Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Hasbro Waves a Big Red Flag in Q1

TheMotleyFool

0 0

Toys 'n' gaming giant Hasbro (NASDAQ: HAS) reported its first-quarter 2022 financial results Tuesday morning -- and while investors seem pleased with the results (shares were up 4% as of 10:30 a.m. ET), the news was actually not great.

Revenue edged out expectations at Hasbro in the quarter, and management raised its guidance for the rest of this year -- two reasons why the stock is up in early trading Tuesday. At the same time, however, Hasbro missed analyst targets for earnings by a sizable margin -- and the company's actual cash profits for the quarter fell right off a cliff.

This is a big red flag for Hasbro investors.

Source Fool.com

Like: 0

HAS

Share