Tags: US | Earns | Hasbro

Hasbro Profit Rises on Sales of Boys' Products

Monday, 08 Feb 2010 07:21 AM

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.

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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
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2010-21-08
Monday, 08 Feb 2010 07:21 AM
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