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Hasbro's cost-saving efforts drive profit beat even as toy sales drag

UPDATE 4-Hasbro's cost-saving efforts drive profit beat even as toy sales drag Posts third-quarter revenue below Street estimates Turnaround efforts boost margins to 25.7% Raises annual forecast for digital gaming segment Shares down about 4% in early trade Adds CFO comment in paragraph 3, updates shares By Savyata Mishra Oct 24 (Reuters) - Hasbro HAS.O surpasse d Wall Street estimates for third-quarter profit as the Monopoly owner benefited from cost controls and strong digital gaming demand, e
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Hasbro posts bigger-than-expected quarterly sales drop on weak toy demand

Hasbro posts bigger-than-expected quarterly sales drop on weak toy demand Oct 24 (Reuters) - Hasbro HAS.O on Thursday posted a steeper-than-expected drop in sales for the third quarter as consumers tightened spending on toys, but the company's stringent cost controls boosted margins. Toymakers such as Mattel MAT.O and Hasbro have focused on cost-savings this year to weather a slump in demand for toys.
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Mattel Inc reports results for the quarter ended in September 30 - Earnings Summary

Mattel Inc reports results for the quarter ended in September 30 - Earnings Summary Mattel Inc MAT.OQ reported quarterly adjusted earnings of $1.14​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $1.08. The mean expectation of thirteen analysts for the quarter was for earnings of 95 cents per share.
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Mattel up after Q3 profit beat and raised cost savings target

BUZZ-Mattel up after Q3 profit beat and raised cost savings target ** Shares of Barbie parent Mattel MAT.O rise 3.4% at $18.38 after the bell ** Co beat estimates for Q3 profit on cost cuts ** Raised full-year cost savings target to ~$75 million after achieving earlier goal of $60 million and sees $200 million in savings by 2026 ** Raised annual ad
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Mattel beats profit estimates on cost controls but trims annual sales forecast

UPDATE 3-Mattel beats profit estimates on cost controls but trims annual sales forecast Mattel beats Q3 profit estimate on margin boost Raises cost savings target to $75 million for 2024 Shares up more than 4% in after-hours trade Adds analysts' comments in paragraph 7,8 By Savyata Mishra Oct 23 (Reuters) - Mattel MAT.O topped Wall Street estimates for quarterly profit as the Barbie parent kept a tight leash on costs but lowered its annual sales forecast heading into the crucial holiday shopping
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