Hasbro Surges After ‘Jurassic World’ Helps Top Estimates
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Hasbro Inc. rose the most in three months after posting second-quarter profit and sales that beat analysts’ estimates, helped by merchandise tied to the “Jurassic World” summer blockbuster.
Earnings in the quarter were 33 cents a share, the Pawtucket, Rhode Island-based company said Monday in a statement. Analysts estimated 29 cents. While sales dropped 3.8 percent to $797.7 million, that still topped analysts’ average projection of $774.4 million.