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Hasbro, Inc. (HAS) Stock Jumps on Q1 Earnings

Hasbro, Inc. (HAS) stock was up on Monday following its Q1 2016 earnings report.

Hasbro, HAS StockHasbro reported earnings per share of 38 cents for Q1 2016. This is above the 21 cents it reported during the same time last year. It also beat out the 24 cents that analysts were expecting for the quarter.

Revenue reported by Hasbro for the first quarter of 2016 came in at $831 million. Revenue from Q1 2015 was $713 million. Wall Street was expecting the company to report revenue of $777 during Q1.

Hasbro also announced a dividend of 51 cents per share that will be payable to shareholders on May 16, 2016. Shareholders must be on record as of May 2, 2016 to receive the dividend.

HAS shares were up 5% as of Noon Monday.

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Article printed from InvestorPlace Media, https://investorplace.com/2016/04/hasbro-has-stock/.

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