U.S. stocks were higher, with the Nasdaq Composite gaining around 1% on Tuesday.

Shares of Hasbro Inc (NASDAQ:HAS) rose sharply after the company reported better-than-expected second-quarter financial results and raised its FY26 sales guidance.

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 shares jumped 8.6% to $88.62 on Tuesday.