Investing.com - Hasbro (NASDAQ:HAS) reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Hasbro announced earnings per share of $0.57 on revenue of $1.11B. Analysts polled by Investing.com anticipated EPS of $0.7 on revenue of $1.15B. That with comparison to EPS of $0.21 on revenue of $732.51M in the same period a year before.Hasbro had reported EPS of $1.24 on revenue of $1.43B in the previous quarter.Analysts are expecting EPS of $0.63 and revenue of $1.25B in the upcoming quarter.
Hasbro shares are down 26% from the beginning of the year and are trading at $77.86 , down-from-52-week-high.They are under-performing the S&P 500 which is down 11.75% year to date.
Hasbro follows other major Consumer Cyclical sector earnings this month
Hasbro's report follows an earnings missed by O’Reilly Automotive on Wednesday, April 22, 2020, who reported EPS of $3.97 on revenue of $2.48B, compared to forecasts EPS of $3.98 on revenue of $2.45B.
PACCAR had missed expectations on Tuesday, April 21, 2020 with first quarter EPS of $1.03 on revenue of $4.78B, compared to forecast for EPS of $1.21 on revenue of $4.98B.
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