Investing.com - Hasbro (NASDAQ:HAS) reported on Monday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Hasbro announced earnings per share of $1.88 on revenue of $1.78B. Analysts polled by Investing.com anticipated EPS of $1.62 on revenue of $1.73B.
Hasbro shares are down 12% from the beginning of the year, still down 15.98% from its 52 week high of $109.50 set on February 11. They are under-performing the S&P 500 which is up 7.26% from the start of the year.
Hasbro follows other major Consumer Cyclical sector earnings this month
Hasbro's report follows an earnings beat by Tesla on Wednesday, who reported EPS of $0.76 on revenue of $8.77B, compared to forecasts EPS of $0.57 on revenue of $8,435M.
Illinois Tool Works had beat expectations on Friday with third quarter EPS of $1.83 on revenue of $3.31B, compared to forecast for EPS of $1.47 on revenue of $2.98B.
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