Actionable news
All posts from Actionable news
Actionable news in HAS: Hasbro, Inc.,

Hasbro posts smallest sales beat in 1-1/2 years, shares drop

(Reuters) - Toymaker Hasbro Inc's (HAS.O) quarterly sales scraped past analysts' estimates, marking its smallest beat in more than one and a half years, propped up by demand for its Transformers and Nerf toys in the United States.

Hasbro's shares fell as much as 9.2 percent to $105.27 on Monday as investors anticipated another strong quarterly sales beat. Hasbro's stock has risen about 50 percent this year, making it one of the top performers on the S&P 500 index .SPX.

"The stock was very strong heading into the quarterly report, so it sets the bar very high," D.A. Davidson analyst Linda Weiser said.

The company's high valuation compared with its peers as well as comments from management about the shift in sales to the fourth quarter were weighing on shares, she added.

Hasbro trades at...