BUZZ-Hasbro up after raising annual sales, profit forecasts

Hasbro, Inc.

Hasbro, Inc.

HAS

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** Shares of Play-Doh maker Hasbro HAS.O up about 2% at $83 premarket

* Co raises annual revenue and profit forecasts on resilient demand for digital gaming business and continued strength in "Magic: The Gathering"

** Now expects 2026 revenue to rise between 5% to 7%, up from previous expectation of 3% to 5%

** Also sees annual adjusted EBITDA between $1.45 billion to $1.50 billion vs previous expectation of $1.40 billion to $1.45 billion

** Posts Q2 revenue rise 16% to $1.14 billion; analysts on an average expected $1.07 billion - data compiled by LSEG

** As of last close, stock down 0.5% YTD


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