Toy company Hasbro announced second-quarter revenue and earnings that exceeded analysts' expectations, and raised its full-year performance outlook based on the strong performance of its "Magic; The Gathering" card business
Toy company Hasbro announced second-quarter revenue and earnings that exceeded analysts' expectations, and raised its full-year performance outlook based on the strong performance of its "Magic: The Gathering" card business. Boosted by this news, Hasbro's stock price soared as much as 14%. Hasbro also announced that it is canceling multiple video game projects as part of a broader overhaul of its digital strategy.