Why Is Hasbro Stock Gaining Tuesday? - Hasbro (NASDAQ:HAS)

Hasbro, Inc.

(NASDAQ:HAS) stock rose Tuesday after the toy and gaming company reported second-quarter results that beat earnings expectations and raised its full-year outlook.

Adjusted earnings came in at $1.28 per share, topping the analyst consensus estimate of $1.14.

Revenue increased 16% year over year to $1.14 billion, ahead of analysts' expectations of $1.07 billion.

Hasbro Revenue Growth Driven By Wizards And Digital Gaming Growth was led by a 27% increase in Wizards and Digital Gaming revenue, while Consumer Products revenue rose 5%.