Hasbro lifts outlook after Magic: The Gathering sales top $600 million

Hasbro lifted its full-year revenue and profit guidance after Q3 earnings beat estimates, driven by a 34% surge in Magic: The Gathering sales to a record above $600 million. Adjusted EPS of $2.90 far exceeded the $1.86 consensus. The company now expects FY revenue growth of 7% to 9% and doubled its buyback target to $400 million.