12:16 PM EST, 02/20/2025 (MT Newswires) -- (Updates to add stock move in the headline and first paragraph, and strategic plan in the last paragraph.)

Hasbro ( HAS ) shares were advancing by more than 12% in recent Thursday trading after the company released fiscal Q4 results that topped analysts' estimates and outlined its "Playing to Win" strategy.

The company reported fiscal Q4 adjusted net earnings of $0.46 per diluted share, up from $0.38 a year earlier.

Analysts polled by FactSet expected $0.34.

Net revenue for the fiscal quarter ended Dec. 29 was $1.10 billion, down from $1.29 billion a year earlier.

Analysts surveyed by FactSet expected $1.03 billion.

Additionally, the company said it expects mid-single-digit revenue growth and annual operating profit margin improvement through 2027 by executing its "Playing to Win" strategic plan.

Price: 68.78, Change: +7.64, Percent Change: +12.50