Hasbro tops 4Q earnings forecasts

News

PAWTUCKET, R.I. (AP) — Hasbro has reported fourth-quarter earnings of $175.8 million.

The Pawtucket, Rhode Island-based company says it had net income of $1.39 per share, exceeding Wall Street expectations.

The toy maker posted revenue of $1.47 billion in the period, which also beat Street forecasts.

For the year, the company reported profit of $451.8 million, or $3.57 per share. Revenue was reported as $4.45 billion.

Hasbro shares have risen 10 percent since the beginning of the year, while the Standard & Poor’s 500 index has decreased 8 percent. The stock has increased 33 percent in the last 12 months.

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