Why Hasbro Stock Roared 13% Higher Thursday Morning
Shares of Hasbro (NASDAQ: HAS) charged sharply higher Thursday morning, surging as much as 13.5%. For the first quarter, Hasbro's revenue grew 14% year over year to $1 billion, resulting in adjusted earnings per share (EPS) of $0.01. To put those numbers in context, analysts' consensus estimates were calling for revenue of $877 million and a loss per share of $0.01, so Hasbro's performance was much better than expected.