Mattel's quarterly loss was smaller than expected, attributed to cost cuts and strong sales of Hot Wheels cars. Barbie sales boosted profits, but overall sales missed forecasts. Despite the earnings beat, Mattel's stock dropped. On the other hand, Hasbro reported a stronger-than-expected profit with a smaller drop in sales, citing progress in turnaround efforts. Hasbro's brand strength led to earnings topping expectations, resulting in a significant rise in shares.
Hasbro shares rose as much as 11%, the biggest intraday gain since April 2023, after the toymaker reported first-quarter earnings that beat estimates. https://t.co/gajgu3UOyQ
Hasbro shares rose as much as 11%, the biggest intraday gain since April 2023, after the toymaker reported first-quarter earnings that beat estimates. https://t.co/L0NUvuoVUV
It’s a magical world of toys! $HAS and $MAT higher on dying slower than expected. https://t.co/4yKfVvAmX1
Hasbro $HAS brand strength sees earnings top expectations https://t.co/oXd8pre0km https://t.co/qRVuIZQsPh
$MAT (+2.7% pre) Mattel Reports Mixed Q1 Results: EPS Beat, Revenue Misses - BZ https://t.co/hMGH3NWN3A
$HAS (+7.5% pre) Hasbro Stock Pops on Strong Earnings. Toy Maker Cites Progress in ‘Turnaround Efforts.’ https://t.co/NU8ZFOV1hb
Hasbro Stock Pops on Strong Earnings. Toy Maker Cites Progress in ‘Turnaround Efforts.’ https://t.co/ymnwn9EKIA
Hasbro swings to a stronger-than-expected profit, while revenue drops https://t.co/5VFzBG3hyY
⚠️ TOYMAKER HASBRO POSTS QUARTERLY PROFIT BEAT, SLOWER SALES DECLINE Full Story → https://t.co/PKJ86s2TVf Hasbro reported a smaller-than-expected drop in first-quarter sales and handily beat profit estimates on Wednesday, as leaner inventories and steady digital gaming… https://t.co/XuAVvjFRYo
$HAS | Hasbro Q1 Earnings: - Adj $0.61 (Est. $0.27) 🟢 - Sales $757.30M (Est. $738.61M) 🟢 - Sees FY24 Consumer Products Segment Revenue Decline Of 7% - 12% https://t.co/YvhUltku62
🇺🇸 Mattel sales miss forecasts as ‘Barbie’ boost wanes https://t.co/ngtQTFvyOn
Mattel's quarterly loss smaller than expected as cost cuts pay off https://t.co/BfnRbIQZPW https://t.co/suFvmWEDfd
Mattel Stock Drops Despite Earnings Beat as Sales Fall Short https://t.co/eh6DZSPks4
Mattel says toy demand is improving, and shares are rallying https://t.co/2i6Fzbfz0g
Mattel Sales Miss Forecasts as ‘Barbie’ Boost Wanes https://t.co/dW6tnNFiWN
Mattel narrowed its loss in the first quarter, beating analysts’ projections thanks to fast sales of its Hot Wheels miniature cars and lower costs https://t.co/zlfrMCTFE8
⚠️ TOYMAKER MATTEL'S QUARTERLY LOSS SMALLER THAN EXPECTED AS COST CUTS PAY OFF Full Story → https://t.co/489qA1O4Mn Mattel posted a smaller-than-expected loss for the first quarter on Tuesday, helped by the Barbie maker's tight leash on costs while demand remains tepid for… https://t.co/9PxsKstBpM
Barbie film lifts Mattel profits as doll sales soar https://t.co/k3oGBFkZJp