Hasbro announced that the financial poor was less than expected by toy bankruptc

Hasbro (Hasbro) (HAS.O) on Monday announced the expected earnings, dragged down the stock was tumbling 10%; the company warned that the toy Riding City (Toys'RUUs) bankruptcy may affect the holiday season sales The

Hasbro said the toy R Us filed for bankruptcy, making the company in the fourth quarter to the retailer shipping time and the number of uncertainties increased. Hasbro about 9% of revenue comes from Toy R Us.

Mattel (MAT.O) and Jakks Pacific (JAKK.O) closed down 3.19% and 2.94% on Monday, respectively.

Hasbro chief executive Brian Goldner said bankruptcy for the company's shipments formed a "changing environment", but for its long-term impact understatement, said it would not damage the 2018 performance.

Hasbro said the company expects fourth-quarter revenue growth of 4-7%, or 17-17.4 billion US dollars. Analysts averaged $ 1.82 billion. Hasbro is the second largest toy manufacturer in the nation.

 

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