Hasbro boosts annual forecasts on digital gaming demand

Image for article Hasbro boosts annual forecasts on digital gaming demand
News Source : RTE

News Summary

  • Shares of the company, which also beat quarterly revenue estimates, were up about 3% in premarket trading.
  • The toymaker's digital titles, including "Magic: The Gathering", helped offset softness in its traditional toy business.
  • The toy industry, which relies heavily on its manufacturing hubs in regions including China, has taken a significant hit from US President Donald Trump's sweeping tariffs.Peer Mattel, however, posted third-quarter revenue and profit below expectations earlier this week, as retailers worried about an uncertain economic outlook delayed orders for "Barbie" and other toys.
Hasbro has today raised its annual revenue and core profit forecasts, betting on Christmas season sales and demand for its digital gaming segment, even as macroeconomic uncertainties cast a gloom on [+1731 chars]

Must read Articles