Why Hasbro Stock Popped Today

·1 min read
Why Hasbro Stock Popped Today

Toymaker Hasbro (NASDAQ: HAS) spent $3.8 billion to acquire Entertainment One (eOne) just prior to the start of 2020, but returns from the television and film production business were hampered by the pandemic. Investors cheered the company's quarterly results overall, sending Hasbro shares soaring about 11% as of 11:20 a.m. EDT. The maker of popular brands including Play-Doh, Nerf, Power Rangers, and Monopoly reported revenue had jumped 54% from the prior-year period.

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