Hasbro Beats Street 4Q Forecasts
Hasbro Inc. reported fourth-quarter earnings of $192.7 million.
On a per-share basis, the Pawtucket, Rhode Island-based company said it had net income of $1.52. Earnings, adjusted for asset impairment costs, came to $1.64 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.28 per share.
The toy maker posted revenue of $1.63 billion in the period, which also beat Street forecasts.
For the year, the company reported profit of $551.4 million, or $4.34 per share. Revenue was reported as $5.02 billion.——
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