Help Me Obi-Wan: Hasbro Drops 6% Despite Q2 Beat
July 18, 2016 at 11:03 AM EDT
Hasbro ( HAS ) once again has Disney ( DIS ) and its toys to thank for buoying quarterly financial results. The toy maker posted better-than-expected revenue and profit in its latest quarter, as Star Wars and Frozen brand toys continue to drive growth. Yet the shares fell more than 6% in late morning market action. Perhaps it’s due to worries about sluggish sales of toys geared towards boys.