Hasbro execs should send a nice “thank you” note to Disney for the better-than-expected Q1 financials the toy company reported this morning. The numbers sent its share price up about 4.6% in pre market trading, suggesting it will touch a new 52 week high. Sales of toys related to Star Wars, Frozen, and the Disney Princess line largely propelled the results. Hasbro’s net profit of $48.8 million in Q1 was up 82.8% vs the same period last year on revenues of $831.2 million…
'Star Wars' And Other Disney Properties Propelled Hasbro's Strong Q1 Results
Deadline - 18 Apr 2016 14:07
Hasbro execs should send a nice “thank you” note to Disney for the better-than-expected Q1 financials the toy company reported this morning. The numbers sent its share price up about 4.6% in pre market trading, suggesting it will touch a new 52 week high. Sales of toys related to Star Wars, Frozen, and the Disney Princess line largely propelled the results. Hasbro’s net profit of $48.8 million in Q1 was up 82.8% vs the same period last year on revenues of $831.2 million…
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