BUZZ-Hasbro up after annual revenue forecast raise

Reuters
07/23
BUZZ-Hasbro up after annual revenue forecast raise

** Shares of Monopoly maker Hasbro HAS.O up 4.4% at $81 premarket as co raises annual revenue forecast after beating Q2 estimates

** Co expects annual revenue to be up mid-single digits in constant currency terms vs prior predictions to be up slightly

** Despite a dynamic macro environment, the strength of our diversified business and cost productivity initiatives support our updated outlook- Gina Goetter, Hasbro CFO and COO

** HAS also reports quarterly net revenue of $980.8 million vs analyst estimates of $880 million - data compiled by LSEG

** Posts Q2 adjusted earnings per share of $1.30, compared with analysts estimates of 78 cents

** Shares of peer Mattel MAT.O also up nearly 2% in premarket trading

** As of last close, HAS up nearly 38.74% YTD

(Reporting by Anshi Sancheti)

((Anshi.Sancheti@thomsonreuters.com))

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