Monday, April 22, 2013

Not just playing around (HAS) Hasbro

Although Hasbro's (HAS) Q1 earning's report showed a loss of $0.05 a share, or $6.67 million, their total revenue went up 2.3% which led to the stock opening higher on Monday and is now at a new high for the year. The loss is reportedly due to restructuring costs, a weak U.S. and European economy, and the rise of mobile and high-tech gaming.

However, this did not stop investors from being bullish about the toy making company. While Hasbro suspects it may need to trim it's workforce over the coming year, and the outlook for it's products such as G.I Joe and Transformers looks pessimistic, there is still potential for major growth if they can diversify into the electronic gaming market.

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