The toy maker missed Wall Street analyst expectations on earnings as film and TV revenue fell 26 percent.
has stumbled with its third quarter earnings as the toy maker drives towards becoming a digital gaming powerhouse.
Hasbro saw net earnings fall 49 percent to $129.2 million, against a year-earlier $253.2 million, and the adjusted earnings per share line came in at $1.42, compared to $1.96 in the same period of fiscal 2021. That fell short of a $1.52 expected per-share earnings estimate from Refinitiv. Hasbro matched Wall Street projections for overall third quarter revenues at $1.68 billion.
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