Hasbro posts surprise rise in revenue

  • News Digest

Apr 24, 2019-

RHODE ISLAND: Toymaker Hasbro Inc reported a surprise rise in quarterly revenue on Tuesday as the box-office success of the “BumbleBee” movie drove sales of its Transformers action toys, sending its shares up nearly 9 percent. A spin-off from the “Transformers” franchise, “BumbleBee” was the first film to come out of an expanded partnership between Hasbro and Paramount Pictures. It made nearly $470 million worldwide, according to Box Office Mojo. Revenue from the company’s franchise brands segment, which includes the company’s legacy toys, rose 9 percent to $393.6 million, beating analysts’ average estimate of $361.7 million. (REUTERS)

Published: 24-04-2019 10:02

User's Feedback

Click here for your comments

Comment via Facebook

Don't have facebook account? Use this form to comment