BUZZ - Hasbro shares rise after raising annual sales and core profit forecasts

October 20 - ** Shares of Hasbro HAS.O, the maker of Play-Doh, rose nearly 1% in pre-market trading to $99.45

** The company raised its annual revenue and profit forecasts, betting on resilient demand for its digital gaming, and continued strong performance from the Magic: The Gathering business

** Revenue growth at constant exchange rates for fiscal year 2026 is expected to be between 7% and 9%, up from its previous forecast of 5% to 7%

** Full-year adjusted core profit guidance was raised from the prior $1.45 billion to $1.5 billion range to $1.58 billion to $1.63 billion

** The report showed third-quarter revenue at $1.6 billion, ahead of analysts’ estimates compiled by LSEG of $1.48 billion

** Adjusted quarterly earnings per share were $2.90, also beating expectations of $1.86

** As of the end of the previous trading day, HAS shares were up about 20% year-to-date

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