Hasbro up after raising annual sales, core profit forecasts

Hasbro

Tue 11:44

** Shares of Play-Doh maker Hasbro HAS.O up nearly 1% at $99.45 premarket
** Co raises annual revenue and profit forecasts, betting on resilient demand for its digital games, continued strength in "Magic: The Gathering" 
** Expects fiscal 2026 revenue growth in the range of 7% to 9% on a constant currency basis, versus its previous forecast of 5% to 7% rise
** Full-year adjusted core profit outlook of $1.58 billion to $1.63 billion, from $1.45 billion to $1.50 billion previously
** Reports Q3 revenue of $1.60 billion, beating analysts' estimate of $1.48 billion - data compiled by LSEG
** Logs quarterly adjusted EPS of $2.90, also topping expectations of $1.86
** Up to last close, HAS up about 20% YTD

(Reporting by Shania S Thomas in Bengaluru)
((shanias.thomas@thomsonreuters.com))