WPRO News and the Associated Press
PAWTUCKET, R.I. (AP) – Hasbro has reported fourth-quarter profit of $169.9 million.
On a per-share basis, the Pawtucket, Rhode Island-based company said it had profit of $1.34. Earnings, adjusted for pretax gains, came to $1.22 per share.
Hasbro says sales of toys geared toward boys increased 21 percent, with a strong showing from Transformers, Nerf and Marvel.
The results matched Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of $1.22 per share.
The toy maker posted revenue of $1.3 billion in the period, which fell short of Street forecasts. Analysts expected $1.34 billion, according to Zacks.
For the year, the company reported profit of $415.9 million, or $3.20 per share. Revenue was reported as $4.28 billion.
