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UPDATE: Hasbro Posts Higher Q3 Profit

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Hasbro (NASDAQ: HAS) reported a 17% rise in its third-quarter earnings.

Hasbro's quarterly profit surged to $193 million, or $1.46 per share, from $164.9 million, or $1.24 per share, in the year-ago period. Excluding special items, it earned to $1.31 per share.

Its revenue climbed 1.9% to $1.37 billion. However, analysts were expecting earnings of $1.29 per share on revenue of $1.34 billion.

Hasbro shares gained 1.61% to $48.00 in pre-market trading.

Posted-In: profitEarnings News

 

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