Business Insider/James Cook
- Hasbro stock plunged 16% after it reported third-quarter earnings that missed analyst estimates.
- The toy company also lowered its revenue guidance, suggesting a weak holiday quarter ahead.
- Bank of America downgraded Hasbro to "Neutral" and said its Magic: The Gathering franchise is a victim of its own success.
Hasbro stock plunged this week after the company reported third-quarter earnings results that missed analyst's profit and revenue estimates.