From The Motley Fool · Joe Tenebruso · · 30s
Hasbro Stock Rises on Magic Sales
Hasbro stock jumps 11% after Magic: The Gathering sales surge.
In brief
Hasbro stock jumps 11% after Magic: The Gathering sales surge. Hasbro's stock rose 11% as Magic: The Gathering sales exceeded $600 million quarterly. Originally reported by The Motley Fool.
Hasbro stock jumps 11%
Hasbro shares rose 11% on Tuesday after reporting strong sales and profit gains.
Magic: The Gathering sales surge
Magic: The Gathering sales jumped 34% year over year to $600 million quarterly revenue.
Hasbro boosts capital returns
Hasbro plans to double its buyback program from $200 million to $400 million this year.
“Based on the continued strength of our cash flow, we are again increasing our share repurchase target for the year from $200 million to $400 million”
The headline
Hasbro's stock rose 11% as Magic: The Gathering sales exceeded $600 million quarterly.
