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Why Hasbro Stock Just Popped 5%

TheMotleyFool

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Shares of toymaker Hasbro (NASDAQ: HAS) had jumped 5% through 10:55 a.m. EDT Tuesday after crushing analyst expectations for a third-quarter profit.

Heading into the quarter, Wall Street had forecast that Hasbro would earn $1.69 per share on sales of $1.97 billion. The company nailed the revenue number, then destroyed the earnings projection, reporting per-share profits of $1.96, pro forma.

Image source: Getty Images.

Source Fool.com

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