UPDATE: Hasbro Q4 Profit Down 6.3%

Hasbro

reported a 6.3% drop in its fourth-quarter earnings. Hasbro's quarterly profit fell to $130.3 million, or $0.99 per share, from $139.1 million, or $1.06 per share, in the year-ago period. Excluding one-time items, its adjusted earnings came in at $1.20 per share, versus analysts' estimates of $1.19 per share. Its sales declined 3.4% to $1.28 billion. Its gross margin widened to 59.8% from 55.5%. Hasbro shares rose 0.03% to $38.73 in after-hours trading.