Tags: US | Earns | Hasbro

Hasbro Profit Rises on Sales of Boys' Products

Monday, 08 February 2010 07:21 AM EST

Hasbro says sales of action figures and other toys aimed at boys and strong entertainment and licensing revenue helped push its fourth-quarter profit sharply higher.

The No. 2 U.S. toy maker also gave a solid 2010 forecast, saying sales and earnings per share should grow this year.

Hasbro's profit surged 77 percent to $165.6 million, or $1.09 per share, in the quarter ended Dec. 27, easily beating analysts' 81 cents-per-share estimate.

Sales climbed 12 percent to $1.38 billion, topping Wall Street's estimate of $1.34 billion.

The fourth quarter is key for toy makers since it contains the holiday period and can make up to half of the quarter's sales.

Hasbro is based in Pawtucket, R.I.

© Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Companies
Hasbro says sales of action figures and other toys aimed at boys and strong entertainment and licensing revenue helped push its fourth-quarter profit sharply higher.The No. 2 U.S. toy maker also gave a solid 2010 forecast, saying sales and earnings per share should grow...
US,Earns,Hasbro
115
2010-21-08
Monday, 08 February 2010 07:21 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved