Hasbro Inc beat analysts' estimates for quarterly revenue on Monday, boosted by demand for its Monopoly and other board games from stuckathome parents looking to keep their children entertained.
Hasbro Inc beat analysts’ estimates for quarterly revenue on Monday, boosted by demand for its Monopoly and other board games from stuck-at-home parents looking to keep their children entertained.
Shares of the company rose more than 3% in premarket trading.
The company’s net revenue rose to $1.78 billion in the third quarter ended Sept. 27 from $1.58 billion, beating analysts’ average estimate of $1.75 billion, according to IBES data from Refinitiv.
Net earnings attributable to the company rose to $220.9 million from $212.9 million a year earlier.
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