Hasbro (NASDAQ: HAS) has a huge hit on its hands, and it's carrying the stock higher today. The global game and entertainment company raised full-year guidance after it reported a strong second quarter.
Hasbro stock jumped on the news, rising 10.1% as of 10:47 a.m. ET.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Hasbro's results were largely driven by its Wizards of the Coast and Digital Gaming segment. The Wizards subsidiary has a huge hit on its hands with the Magic: The Gathering game. Revenue from the game soared 32% year over year, breaking $500 million in the quarter for just the first time in its 30-year history.
Expansion releases for the game are driving sales. That included Marvel Super Heroes, released in June, and Secrets of Strixhaven, released in April. For context, Hasbro's Monopoly Go! game contributed just $44 million of revenue in Q2.
#hasbro #huge
Hasbro stock jumped on the news, rising 10.1% as of 10:47 a.m. ET.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Hasbro's results were largely driven by its Wizards of the Coast and Digital Gaming segment. The Wizards subsidiary has a huge hit on its hands with the Magic: The Gathering game. Revenue from the game soared 32% year over year, breaking $500 million in the quarter for just the first time in its 30-year history.
Expansion releases for the game are driving sales. That included Marvel Super Heroes, released in June, and Secrets of Strixhaven, released in April. For context, Hasbro's Monopoly Go! game contributed just $44 million of revenue in Q2.
#hasbro #huge
8 days ago
