Hasbro Preliminary Sales Beat Estimates, Buoyed by ‘Magic’

Hasbro Inc. reported preliminary revenue that beat analysts’ estimates, buoyed by its fantasy card game Magic: The Gathering. The toy company said it couldn’t release full quarterly results at this time due to a previously disclosed cybersecurity attack.

Revenue was expected to be $970 million to $985 million in the first quarter, Hasbro said in a statement on Thursday, citing unaudited preliminary information. Analysts had been expecting $908.6 million, according to data compiled by Bloomberg. The company will release full quarterly results on May 20, before the market opens. Hasbro said operating profit should be about $235 million to $245 million.