Hasbro Stock Sinks After Q4 Earnings Miss; Company Blames WGA And Actors Strikes For 31% Film And TV Revenue Slide In 2023 ...Middle East

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Hasbro Stock Sinks After Q4 Earnings Miss; Company Blames WGA And Actors Strikes For 31% Film And TV Revenue Slide In 2023
Hasbro fell short of Wall Street analysts’ consensus estimate for fourth-quarter earnings, blaming a 31% drop in 2023 entertainment revenue on the WGA and SAG-AFTRA strikes. The toymaker also disappointed the Street with its 2024 outlook, particularly an expected 7% to 12% drop in consumer products sales, a category that typically accounts for more than […]

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