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Why Hasbro Stock Surged This Week

A blowout third-quarter earnings report driven by record card-game sales sent Hasbro (NASDAQ:HAS) surging 18. 9% this week. Hasbro stock changed hands at $117. 44 as of the close on Friday, Oct. 23, up 18. 9% from Friday, Oct. 16's close. Across those five sessions, the S&P 500 (SNPINDEX:^GSPC) was down 0. 5%, and the Nasdaq-100 was down 0. 8%. Hasbro delivered a strong third quarter, posting revenue of $1. 60 billion, up 15% year over year beating consensus estimates of $1. 48 billion. Adjusted earnings per share (EPS) hit $2. 90, comfortably beating the $1. 86 Wall Street expectation.

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