Hasbro tanks as trade-war tariffs and a pending acquisition bite into toy profits HAS
Get the Full StoryReuters Sandy HuffakerHasbro on Tuesday reported weaker-than-expected earnings and revenue for the third quarter, prompting shares to tumble as much as 11 in early trading.
Profits saw increased pressure from US-China tariffs and the pending acquisition of media company Entertainment One.
The company anticipates continued "disruption" in the fourth quarter and is "working to mitigate the impact on consumers," CEO Brian Goldner said in the report.
Watch Hasbro trade live here.
Hasbro reported weaker-than-expected profits and revenue in the third quarter as the US-China trade war and a pending acquisition cut into margins.
The toymaker's stock tumbled as much as 12.4 in early Tuesday trading, hitting its lowest levels since late August.See the rest of the story at Business InsiderNOW WATCH: Stewart Butterfield, co-founder of Slack and Flickr, says 2 beliefs have brought him the greatest success in lifeSee Also:The best smartwatches you can buyThe 10 richest royal families in Europe, rankedGOLDMAN SACHS: These 5 trades can help investors make a killing during a crucial earnings season
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