Why Hasbro Stock Crashed 10% After Beating Earnings
Game maker Hasbro (NASDAQ: HAS) crushed earnings estimates in a third-quarter earnings report released this morning -- and investors are devastated.
Despite reporting $1.88 per share in adjusted profit, where Wall Street had expected only $1.62, and despite beating on sales ($1.8 billion), Hasbro stock is down a depressing 10% in 11 a.m. EDT trading. Why?
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Source Fool.com
