
Hasbro reported its third quarter 2024 financial results, revealing an adjusted earnings per share of $1.73, exceeding analyst estimates of $1.27. However, revenue fell to $1.28 billion, slightly below the expected $1.30 billion. The company anticipates a decline in full-year consumer products revenue between 12% and 14%, while maintaining its full-year EBITDA guidance. Despite the revenue miss, Hasbro's stock experienced a surge following the profit beat, indicating investor optimism amidst ongoing challenges in the toy market, where sales have decreased by 15%. Other companies, including Teradyne, Beyond, Inc., and Barnes, also reported their third quarter results, reflecting a busy earnings season.






$BYON (-4.5% pre) Beyond, Inc. Reports Third Quarter 2024 Financial Results https://t.co/4LWMgZZmUb
Barnes Reports Third Quarter 2024 Financial Results https://t.co/Dtd0n53X0B https://t.co/EoZMFH7whg
Gorman-Rupp Reports Third Quarter 2024 Financial Results https://t.co/7a0MQHAYNJ