Hasbro reports q2 adjusted earnings per share $0.02 excluding items

Hasbro reports second quarter 2020 financial results.q2 adjusted earnings per share $0.02 excluding items.q2 loss per share $0.25.q2 revenue $860.3 million versus refinitiv ibes estimate of $992.2 million.q2 earnings per share estimate $0.23 -- refinitiv ibes data.qtrly hasbro gaming revenues up 11%.qtrly eone entertainment revenue negatively impacted by live action production shutdowns.qtrly eone entertainment revenue negatively impacted by live action production shutdowns.factories and warehouses now open in nearly all markets and positioned to meet full-year product demand requirements.ended q2 with $1.0 billion in cash.hasbro - revenue from shipments to brick & mortar customers and delivery of content to meet demand will continue to be impacted by covid-19 closures.now expects 2020 content production cash spend to be in range of about $450-$550 million.expect environment to improve in q3 and sets up co to execute a "good" holiday season.remain on track to deliver against plan of $130 million in synergies by year-end 2022.latin america revenues expected to be remain challenged in second half of year.factories in china have been operating at normal levels since early in q2, are caught up on missed production.walmart, target and amazon were company's largest customers in q2.u.s., ireland and india locations are operating and anticipate catching up on missed production by latter part of q3 2020.
HAS Ratings Summary
HAS Quant Ranking