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Hasbro tanks as trade-war tariffs and a pending acquisition bite into toy profits (HAS)

Hasbro

  • Hasbro on Tuesday reported weaker-than-expected earnings and revenue for the third quarter, prompting shares to tumble as much as 11% in early trading.
  • Profits saw increased pressure from US-China tariffs and the pending acquisition of media company Entertainment One.
  • The company anticipates continued “disruption” in the fourth quarter and is “working to mitigate the impact on consumers,” CEO Brian Goldner said in the report.
  • Watch Hasbro trade live here.

Hasbro reported weaker-than-expected profits and revenue in the third quarter as the US-China trade war and a pending acquisition cut into margins.

The toymaker’s stock tumbled as much as 12.4% in early read more >>>

Source:: BusinessInsider.Com