Hasbro Gives Disappointing Guidance Friday, January 14, 1:23 PM ET
Toy maker Hasbro (NASDAQ:
HAS) did not get what it wanted from Santa Claus.
The company said today that performance was not as strong as it expected in the holiday season, and full-year and fourth quarter revenue will be lower than last year.
Fourth quarter revenue will fall slightly to $1.3 billion, while full-year revenue dips slightly to $4 billion.
Full-year earnings will only be modestly higher than last yearís $2.48 per share, and therefore well below analyst expectations.
Hasbro shares are trading down over 3.4% Friday.
Rival Mattel (NASDAQ:
MAT) is trading down over 1.5%, while educational toy company LeapFrog (NYSE: LF) trades down over .9%.
For MarketNewsVideo.com, Iím Sayoko Murase.
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Hasbro Gives Disappointing Guidance
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