Investing.com - Hasbro (NASDAQ:HAS) reported on Monday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Hasbro announced earnings per share of $0.02 on revenue of $860.3M. Analysts polled by Investing.com anticipated EPS of $0.22 on revenue of $988.01M.
Hasbro shares are down 26% from the beginning of the year , still down 38.84% from its 52 week high of $126.87 set on July 30, 2019. They are under-performing the Nasdaq which is up 15.5% 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 $2.18 on revenue of $6.04B, compared to forecasts EPS of $0 on revenue of $5.15B.
PACCAR had beat expectations on July 21 with second quarter EPS of $0.43 on revenue of $2.7B, compared to forecast for EPS of $0.3 on revenue of $2.97B.
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