UPDATE: Hasbro Reports Q1 Profit

Hasbro HAS posted a profit in the first quarter. Hasbro swung to a quarterly profit of $32.1 billion, or $0.24 per share, versus a year-ago loss of $6.7 billion, or $0.05 per share. Its adjusted earnings climbed to $0.14 per share from $0.05 per share. Its sales surged to $679.4 million versus $663.69 million. However, analysts were expecting earnings of $0.10 per share. Hasbro shares closed at $54.61 on Thursday.