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The news sent Hasbro stock tumbling by about 10%

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Hasbro (HAS) rattled investors when it warned this week that sales for the holiday fourth quarter could be lower than expected, citing Toys R Us as one reason. The news sent Hasbro stock tumbling by about 10%.Related: Toys ‘R’ Us files for bankruptcyBut Hasbro has a lifeline in the form of its Star Wars, Marvel and Disney Princess toys, and it reported sales and profits for the third quarter that topped forecasts.Mattel toys, on the other hand, have been performing poorly for the past few quarters.This past quarter, its signature toys sold poorly again.American Girl sales were down 30% worldwide compared to this time last year. Fisher Price sales fell by 15%, and Barbie sales were down by 6%.The company said it wants to cut at least $650 million in costs over the next two years to help put it back on track.

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