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flag Hasbro boosts revenue forecast due to strong "Magic: The Gathering" sales, despite net loss.

flag Toy company Hasbro raised its annual revenue forecast due to strong sales from its "Magic: The Gathering" games and cost-saving measures. flag Despite a reported net loss, Hasbro's adjusted earnings and revenue exceeded Wall Street expectations. flag The company plans to reduce reliance on China for manufacturing and cut jobs in its consumer products division, which saw a 16% sales drop. flag Hasbro now expects mid-single-digit revenue growth for the year.

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