Hasbro blames trade war for poor earnings

United States toymaker Hasbro missed its Wall Street estimates for third-quarter earnings over fallout from the ongoing US-China trade dispute and the prospect of additional tariffs on China-made toys.

The company posted quarterly earnings of $213 million, down from $263 million compared from the year-ago quarter. Analysts had expected earnings of $281 million.

Hasbro's adjusted earnings per share for the quarter was $1.84, less than the Wall Street estimate of $2.21. Quarterly revenue rose to $1.58 billion, but still missed estimates of $1.71 billion.