CNBC
•83% Informative
Toy company Hasbro reported a more than 20% hit to its fourth-quarter revenue and issued a downbeat 2024 forecast.
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 .
Shares of the company plunged about 10% in premarket trading.
VR Score
89
Informative language
91
Neutral language
76
Article tone
formal
Language
English
Language complexity
38
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
1
Source diversity
1
Affiliate links
no affiliate links