Hasbro Stock Sinks After Q4 Earnings Miss; Company Blames WGA And Actors Strikes For 31% Film And TV Revenue Slide In 2023
Shares in Hasbro fell 6% to around $48 after the earnings report. In recent years, the company has reversed strategic course and taken a big step back from Hollywood. Joe performed well in the quarter and met internal forecasts. Two performers dressed as Transformers characters Optimus Prime, left, and BumblebeeDaniel Karmann/picture alliance via Getty Images Its largely done, CEO Chris Cocks said of the effort to prune the portfolio. CFO Gina Goetter added, Were done with the cleanup....