Why Hasbro Stock Just Popped 5%
Shares of toymaker Hasbro (NASDAQ: HAS) had jumped 5% through 10:55 a.m. EDT Tuesday after crushing analyst expectations for a third-quarter profit.
Heading into the quarter, Wall Street had forecast that Hasbro would earn $1.69 per share on sales of $1.97 billion. The company nailed the revenue number, then destroyed the earnings projection, reporting per-share profits of $1.96, pro forma.
Source Fool.com