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Shares of Hasbro (NASDAQ:HAS) fell 4% to $61.30 in after-hours trading.
The company estimated fourth-quarter revenue of about $1.68 billion, down 17% from a year earlier. Analysts on average expect revenue of $1.92 billion, according to Refinitiv IBES data.
It forecast quarterly adjusted earnings per share of $1.29 to $1.31, much lower than estimates of $1.48.
Hasbro said President and Chief Operating Officer Eric Nyman is also exiting the company as part of organizational changes.
