Hasbro Stock Surges as Toymaker Posts Higher-than-Estimated Results, New Strategy

KEY TAKEAWAYSHasbro shares jumped after the toymaker posted better-than-expected results and unveiled a new strategy of raising revenue yearly through 2027.The company behind "Dungeons & Dragons" fantasy games and Transformers action figures posted a fourth-quarter revenue decline of 15% year-on-year to $1.10 billion.Hasbro shares are up more than 20% in the past 12 months. Hasbro (HAS) shares jumped more than 11% Thursday after the toymaker posted better-than-expected results and unveiled a new strategy of ...