Hasbro stock plunges after revenue drop, downbeat outlook

Hasbro stock plunges after revenue drop, downbeat outlook

Hasbro stock plunges after revenue drop, downbeat outlook - Toy company Hasbro reported a more than 20% hit to its fourth-quarter revenue and issued a downbeat 2024 forecast Tuesday morning. - For the last three months of 2023, Hasbro lost $1.06 billion, or $7.64 per share, drastically wider than the year-ago losses. - The company now expects to cut $750 million in costs by the end of 2025, up from a previous target of $350 million to $400 million. Toy …