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Hasbro beats quarterly revenue estimates

Feb 8 (Reuters) - Hasbro Inc beat analysts’ estimates for quarterly revenue on Monday, boosted by demand for the toymaker’s board games and “Magic: The Gathering” collectible cards from families seeking entertainment during the pandemic-hit holiday season.

The Play-Doh maker’s net revenue rose to $1.72 billion in the fourth quarter ended Dec. 27, from $1.43 billion a year earlier.

Analysts on average had expected revenue of $1.69 billion, according to a Refinitiv IBES estimate. (Reporting by Praveen Paramasivam in Bengaluru; Editing by Sriraj Kalluvila)

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