01:15 PM EDT, 04/24/2024 (MT Newswires) -- (Updates with the latest stock price movement in the headline and first paragraph.)

Hasbro's ( HAS ) shares were up 11.7% in recent Wednesday trading after the company reported fiscal Q1 adjusted earnings of $0.61 per diluted share, up from $0.01 a year earlier.

Analysts surveyed by Capital IQ expected $0.28.

Revenue for the quarter ended March 31 was $757.3 million, down from $1.0 billion a year earlier.

Analysts polled by Capital IQ expected $740.9 million.

Price: 64.90, Change: +6.76, Percent Change: +11.63