Cranston merger decision expected soonA decision on a controversial plan to merge many athletic teams…
Cranston merger decision expected soon
House to debate Twin River dog racingGreyhound racing at Twin River is going to be a hot topic this …
Fishermen rally against fed regulationsFishermen and advocates for the industry are voicing concerns …
Advertisement
Hasbro enjoys 4Q profit increase
Local toymaker attributes boys' products
Updated: Monday, 08 Feb 2010, 10:01 AM EST
Published : Monday, 08 Feb 2010, 10:01 AM EST
PAWTUCKET, R.I. (WPRI/AP) - Hasbro, Inc. finished 2009 strong. The Pawtucket-based toymaker says its profits went up 77% in the fourth quarter, thanks to strong sales of its action figures and other toys aimed at boys.
Hasbro owns the Transformers, Tonka and Playskool brands and is the country's second largest toymaker .
For the year, Hasbro's earnings grew 22% to $374.9 million, or $2.48 per share, compared with 2008's profit of $306.8 million, or $2 per share.
The company says it expects more growth for 2010, but did not specify any estimates. Hasbro plans to have toys linked to "Iron Man 2" and "Toy Story 3."
Ground rules for posting comments: No profanity or personal attacks. Please comment on the subject of the story itself. If you do not follow these rules, we will remove your post. Keep it civil, folks!
Email This
Print This
View Story on a Single Page