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Hasbro’s stock rallies as it grows profit margins and readies new Star Wars toys – Vested Daily
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Hasbro’s stock rallies as it grows profit margins and readies new Star Wars toys

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Hasbro Inc. crushed Wall Street analyst estimates for profit and revenue on Thursday, as it shifts to higher-margin business such as licensing and benefits from brisk sales of its Magic trading cards.

Hasbro

HAS also announced a fresh agreement with toy and game licensing deal with Walt Disney Co. DIS for the blockbuster Star Wars and Marvel franchises. Financial terms were not disclosed.

This post was originally published on Market Watch

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