HAS

EARNINGS-Hasbro revenue beats estimates as families splurge on board games

Credit: REUTERS/THOMAS WHITE

Hasbro Inc beat analysts' estimates for quarterly revenue on Monday, boosted by demand for its Monopoly and other board games from stuck-at-home parents looking to keep their children entertained.

Adds details on results, share movement

Oct 26 (Reuters) - Hasbro Inc HAS.O beat analysts' estimates for quarterly revenue on Monday, boosted by demand for its Monopoly and other board games from stuck-at-home parents looking to keep their children entertained.

Shares of the company rose more than 3% in premarket trading.

The company's net revenue rose to $1.78 billion in the third quarter ended Sept. 27 from $1.58 billion, beating analysts' average estimate of $1.75 billion, according to IBES data from Refinitiv.

Net earnings attributable to the company rose to $220.9 million from $212.9 million a year earlier.

(Reporting by Uday Sampath in Bengaluru; Editing by Anil D'Silva)

((UdaySampath.Kumar@thomsonreuters.com; within U.S.+1 646 223 8780; Twitter: @sampath_uday;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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